Sixty percent of the available condos on Seattle's Eastside sold in August. It's terrific to think that 2/3 of the August inventory sold. The number of sales was none too shabby, but the market has slowed. Earlier this year, 8 out of 10 condos sold in a given month. But selling 6 out of 10 condos is still nothing to sneeze at. It's still a very strong condo sales market.
Median pricing stayed the same as July, $272,000. Median pricing seems to have stabilized as pricing for the last four months ranged from $269,000-$279,000.
Condos were on the market for 45 days. If no other condos had come up for sale, it would have taken less than two months to sell all of the inventory available in August.
If you'd like more information about the condo market or your condo in particular, please feel free to contact us. We're here to help!