The August 2012 Seattle condo sales and inventory numbers are in.  The most interesting takeaway in my opinion is below:

1.  We've not seen inventory levels this low since 2007.  Only 551 listings in August — lowest number of listings we've seen in years

2.  Year over year sales improved from 172 units to 200 units. 

3.  Now, here's the zinger.  Even though there was 1/2 the supply and more buyers than the year before, the price…stayed the same.  Median prices were almost identical ($249,975 this August versus $246,000 August 2011)!

I guess this just goes to show how weak of a position sellers are in and how cautious buyers are about price.  More charts below. 

Seattle Condo Listings M-O-M


Seattle Condo Sales M-O-MSeattle Condo Sales Y-O-Y

Seattle Condo Median Prices M-O-M

Seattle Condo Median Prices Y-O-Y

Seattle Condo Listings Y-O-Y

                                        Belltown/ Downtown

Belltown & Downtown Condo Sales

Belltown & Downtown Median Prices
Belltown & Downtown Condo Listings

                                      Queen Anne/ Magnolia

Queen Anne & Magnolia Condo Sales

Queen Anne & Magnolia Condo Median Prices

Queen Anne & Magnolia Condo Listings


                               Capitol Hill/ Madison/ Central

Capitol Hill & Madison & Central Condo Sales
Capitol Hill & Madison & Central Median Prices
Queen Anne & Magnolia Condo Listings
(Information from Northwest Multiple Listing Service. They are deemed reliable but not guaranteed.)


By Wendy Leung with Seattle Condo Review: A guide to Seattle Condos and Seattle Belltown Condos exclusively for buyers and sellers.