The Queen Anne and Downtown/Belltown condo market exhibited healthy gains amidst a transitioning market place which helped buoy city-wide results. The median Seattle condo price increased 6.1% over July ‘06 and 4.3% over June even with fewer closed sales. Condos also sold faster in July with average days on market of 41 days, the second fewest over the past 9 months.

Looming on the horizon is a softening market with the continuing inventory build-up, increasing nearly 86% compared to July 2006. The absorption rate has also been trending upward. However, the July absorption rate of 3.5% is within normal market parameters and the end of summer cyclical market upturn is just around the corner which should result in relative stability over the upcoming months.

Click here for sales and value charts. 

 

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Real Estate Agent: Ben Kakimoto - Seattle Condo Specialist (John L. Scott - Seattle | Belltown)
Ben Kakimoto - Seattle Condo Specialist
Seattle, WA
More about me…
John L. Scott - Seattle | Belltown

Office Phone: (206) 295-4683
Cell Phone: (206) 295-4683
Email Me

Ben is a Seattle condominium specialist located in downtown Seattle and is the founder and author of the popular Seattle Condo Blog

Ben also maintains the Seattle real estate blog - Seattle Housing Buzz.

Ben specializes in urban Seattle real estate.






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