Seattle Condo Market Status – June 2010
June 14, 2010 by Erin Schedler · Leave a Comment
Above is a chart showing the condos for sale in Seattle in the last year. You’ll see that inventory has increased 11% since May of last year. The “peaks” in pending sales were around the time of the stimulus tax credit deadlines, which probably accounts for the downward trends following these dates as well.
Overall the condo market is still pretty slow. The average days on market is 105 currently, but this is significantly lower than 132 in May of 2009. Most Seattle condos are selling for 93% of their original list price.
Email me, Erin Schedler, if you have any questions!
