Activity for Seattle condo market slowed in September.  Both pending and closed sales took a dip.  Pending sales were down by ~20% from the previous month and down by 40.24% from 12 months ago.  We had 131 condos closed in September, ~8% lower than the previous month and 23.84% lower than same period last year.   

On the slightly more positive side, median prices, held steady versus the previous month at $297,000 and ~15% higher than the median price 12 months ago.

All things considered, it's still a very strong buyers' market.  We have about 9.5 months of inventory on the market based on the amount of condos that went pending last month.  While prices seem to be stable, it's hard to ignore the significant slowdown in activity.    

Related posts:

Seattle Condo Market Update: August 2010
Seattle Condo Market Update: July 2010
Seattle Condo Market Update: June 2010