Seattle condos market stats

July numbers are in and considering the early part of this year, they look pretty good.  Some takeaways depending on what kind of mood you're in. 

For the Pessimists


  • Aside from pending sales, every other key 2009 metric has been weaker than its 2008 counterpart for every month of 2009.

  • Median prices, pending, and closed sales for July 2009 were down (4-8%) from June 2009. 

  • Inventory, on the other hand, continues to grow and is up 2% versus previous month.

  • Median prices and pending sales were down the last two months.

For the Optimists


  • For the first time in 2009, pending sales were higher than the same month in 2008.

  • Year over year closed sales have been improving each month for the last 3 consecutive months.
  • Median prices have been holding steady within a 5% range of $285,000 for the last 6 months.  

  • Pending and closed sales in July were 50% and 90% higher than the low water point of February.

Seattle condos and lofts stats