Finally, inventory in the Seattle condo market moved up to match demand in May 2013!

We saw a nice boost for listings (from 379 in April to 470 in May).   

This combination of boosted supply and fairly flat demand resulted in a slight dip in median prices by 10% overall with Downtown/Belltown taking a particularly large hit in median prices (from $427k to $365k) while Queen Anne/Magnolia median prices have been steady at $300k for the last few months.

Overall, we're probably not in the no-brainer sellers market anymore.  Seems like we're headed to a more balanced market where buyers will have some leverage given the increase in choices though sellers aren't powerless since even with the bump in listings, there are still 20% fewer listings than the same time last year. 


Seattle Condo Sales MOM

Seattle Condo Median Prices MOM

Seattle Condo Median Prices YOY

Seattle Condo Listings MOM

Seattle Condo Listings YOY



Bellotnw & Downtown Condo Sales

Bellotnw & Downtown Condo Median Prices

Bellotnw & Downtown Condo Listings



   Capitol Hill/ Madison/ Central

Capital Madson and Centra Condo Sales

Capital Madison and Central Condo Median Prices

Capital Madison and Central Condo Listings



   Queen Anne/ Magnolia

Queen Anne & Magnolia Condo Sales

Queen Anne & Magnolia Condo Median Prices

Queen Anne & Magnolia Condo Listings

( Data from NWMLS and are deemed reliable but not guaranteed. )


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