Sellers had a 14% chance of selling a condo on Seattle’s Eastside in May of 2008. ( click on 2008 year to date statistics in the link above for a chart showing the condo report)

May, 2008             1472 condos for sale, 211 condos sold, 14% chance of selling.

April, 2008            1392 condos for sale, 222 condos sold, 15.9% chance of selling.

May, 2007             761 condos for sale,  376 condos sold,   49% chance of selling.

Condo values on the Eastside continue to go up. Last month prices increased over 5% from May of last year.  The actual number of sales is down considerably, which means the cream of the crop is getting the offers and the other condos are just sitting on the market.  Pay attention to the competition in the area and price or buy accordingly.