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Seattle Real Estate Market Report - October 2011
Inventory:
Inventory continues to drop from last year and last month, (not unusual for this time of year though); condos included.  The North Seattle neighborhoods have as low as 3.3 months supply of housing for sale and on the high end are the Capitol Hill condos at 8.8 months of supply.
Short Sales and Foreclosures:
King County's short sales and foreclosures active listings are about 40% of inventory.  On the low end are North Seattle condos with only 10% of active listings being in the the foreclosure and short sale market and Kirkland condos are at the high end at 47%.
Prices:
Last month prices were down 9% from last year.  This month King County's average prices are down 12%.  Sammamish continues to be faring the best with a stable increase in median prices from 1-4% and the Capitol Hill condo market was down 14% from last year.
Other Highlights:
It really is all about location.  Each neighborhood has a different story:
North Seattle continues to see multiple offers on well priced properties and days on market are only 29.  Even townhomes are selling faster than last year.
Bellevue's days on market are 40.  Foreclosure percentage is at 15% which is ... more

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