Sellers had a 16% chance of selling a condo on Seattle’s Eastside in March of 2008. ( click on 2008 year to date statistics in the link above for a chart showing the condo report)

March, 2008          1277 condos for sale, 208 condos sold, 16% chance of selling.

February, 2008      1230 condos for sale, 140 condos sold, 11% chance of selling.

March, 2007            535 condos for sale, 405 condos sold,  75% chance of selling.

The eastside certainly doesn’t follow expected trends.  Even with the more than double the inventory, pricing is still 7.4% higher than last year.  Usually, if there are more properties available and less sales, then the prices go down, but not on Seattle’s Eastside.