Folks the March numbers are in and I've assembled a whole slew of charts and tables for your pleasure. For those of you who aren't into curling up with a hot cup of coffee and staring at numbers, here are 4 highlights.
1. Even though there was 40% less inventory this March versus last March, there was about the same number of actual condos sold.
2. Number of units sold was up over 20% in March 2012 compared to Feb 2012. First time we saw that big of a month over month improvement in a long time.
3. March 2012 median prices were up 15% versus February 2012. First time we've seen a month over month increase in median prices since November 2011!
4. Prices are still soft compared to last year and there isn't any neighborhood where prices are higher in 2012 than they were in 2011 and while Belltown/Downtown is holding up well versus last year, even that neighborhood is still about 10% off of 2012 prices.
Top Three Areas
Belltown/Downtown
Capitol Hill/Madison/Central
Queen Anne/Magnolia
(Information from Multiple Listing Service and are deemed reliable but not guaranteed.)
By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.
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