July 2012 market data is in. Here's what you need to know and a bunch more.
- July 2012 saw 40% more sales than July 2011 showing continue evidence of a gradual recovery.
- Median prices came in at $250K (within the $235-$270 range we've been seeing since March).
- Inventory continues to shrink with only 576 units on the market, the lowest number of condos on the market in the last 6 months.
- While most of the neighborhoods had a seasonally expected dip, Queen Anne/Magnolia actually had a month-over-month increase of 25% in condo sales (compared to a 50% decrease in over the same period in 2011).
More charts and data below
Belltown / Downtown
Capitol Hill / Madison / Central
Queen Anne / Magnolia
By Wendy Leung with Seattle Condo Review: A guide to Seattle Condos exclusively for buyers and sellers.
I might be confused but your charts for Belltown don’t match the matrix at the top. The matrix says 6 closed sales for july and the charts shows 35. Similar things for median price and active inventory.
Hi Tim, thanks for pointing that out. The latest matrix has been updated.