Tag: Absorption Rate
August 2009 Seattle condo market update
The median Seattle condo price inched up 3.8% to $280,274 last month. Though that’s still below last August’s median price by 9.6%, the year-over-year gap continues to narrow.
July 2009 Seattle condo market update
Seattle’s median condo price dropped to $270,000 in July; condo sales are showing signs of slowing.
June 2009 condo market update
The median Seattle citywide condo price dipped last month to $280,000, which reflected a year-over-year and one-month drop of 12.5% and 7.9%, respectively.
May 2009 Seattle condo market update
Seattle’s condo market continues to improve. Last month’s market results reflected a bump in median price, increased sales volume and the lowest inventory supply rate since November 2007.
January 2009 Seattle condo market update
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
December 2008 Condo Market Update
Bucking conventional wisdom December results turned out better than had been prognosticated. The median price rose to the second highest monthly level in 2008, the inventory supply continued to fall and more offers were went under contract.
November 2008 Condo Market Update
Citywide, Seattle condo values held firm last month at $303,000. That’s up 5.4% from October and was relatively on par (-0.65%) to November 2007. Capitol Hill, North Seattle and West Seattle’s year-over-year values for November either saw a small increase or remained unchanged, while Queen Anne and Downtown realized declines. Year-to-date, the citywide median price…
October 2008 Condo Market Update
The citywide condo median price was $287,450 last month, an 8.82% drop compared to October 2007 and the forth consecutive month-over-month decline. Inventory is down but the inventory supply rate is at one of its highest levels over the past decade.
September ’08 condo market update
The condo market performed fairly well last month; aside from a median price decline it did show signs of stabilizing. Compared to August, the median condo price remained unchanged at $310,000, though that also reflected a year-over-year decrease of 6.03%.
August 2008 Seattle Condo Performance
The condo market results in August continue to exhibit the fluidity of Seattle’s condo market. The citywide condo median price rose 3.3% in August to $310,000 compared to July, though it’s down 5.3% compared to August of last year.
