Tag: Seattle Condo Median Price
March Condo Performance Update
Last month’s market performance figures reflected continued confidence in Seattle’s condo market. The city-wide condo median price rose to a high of $329,975, a 4.1% increase over the same period last year, reversing a two month slide. The condo inventory supply, or absorption rate, decreased for the second consecutive month while the number of sales…
February 2008 Market Update
February performance results expressed the buoyancy of Seattle’s condo market. As we’d expect moving towards Spring the market is beginning to pickup with increases in the number of sales, closings and median price. Compared to January there was a 20.7% increase in the number of properties going under contract (pendings), a sign of buyer’s confidence…
January Market Update
Seattle’s condo market continues to exhibit a state of flux. Last month the condo median price dropped .49% to $305,000 compared to January 2007, the first year-over-year decrease in over 24+ months. Compared to December, the median price was down 4.7%, though typically the median price in January is lower than December. As anticipated, the…
