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Condo Market Report –

By June 9, 2019

Market Report

In their reporting on the market last month, the Seattle Times didn’t really touch on condos at all, so let’s take a look.

The median price for May was $562,440, an increase over April’s $526,250 but down from last May’s $607,590.

Why is March’s median price so high? A penthouse sold for $12m and a place at the Four Seasons sold for $9m. So perhaps better to look at dollars per square foot:

Like we saw with single-family homes, there were a lot of new listings – 462, the most new listings in a month in 9 years! And that 462 isn’t including a lot of the new inventory as most new condo buildings don’t list all their units on the MLS.

But like with single-family homes, the market absorbed a lot of those new listings, but we still have a lot of condos for sale.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

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