What were the Chances of Selling a Condo on Seattle's Eastside in November, 2007?
Sellers had a 15% chance of selling a condo on Seattle’s Eastside in November of 2007. ( click on 2007 year to date statistics in the link above for a chart showing the condo report)
November, 2007 1076 condos for sale, 172 condos for sale, 15% chance of selling.
October, 2007 1121 condos for sale, 202 sales, 18% chance of selling.
November, 2006 614 condos for sale, 272 sales, 44% chance of selling.
The numbers this month show the inventory declining from October by about 46 properties. Sales in November decreased by 30 properties, keeping the activity for October and November at about the same level. Last year, 44% of the available condos received offers as compared to 15% this month. November, 2006 was a slight drop from October of last year, when 51% of the condos sold.
Overall, the median price continues to defy market trends and has increased by 2% from last year. It is now $319,840 and last November it was $312,411. However, there is a significant drop from the October, 2007 median pricing of $345,416. This could simply mean the condos that sold this month are slightly less expensive than last month or it could mean the median pricing dropped. I am guessing it’s a little bit of both.
Inventory, although less than last month, is up by 462 properties from last November.
Related posts:
- What were the Chances of Selling a Condo on Seattle's Eastside in September, 2007?
- What were the Chances of Selling a Condo on Seattle's Eastside in October, 2007?
- What were the chances of selling a condo on Seattle's Eastside in July, 2007?
- What were the chances of selling a condo on Seattle's Eastside in June, 2007?
- What were the Chances of Selling a Condo on Seattle's Eastside in August, 2007?
Related posts:
- What were the Chances of Selling a Condo on Seattle's Eastside in September, 2007?
- What were the Chances of Selling a Condo on Seattle's Eastside in October, 2007?
- What were the chances of selling a condo on Seattle's Eastside in July, 2007?
- What were the chances of selling a condo on Seattle's Eastside in June, 2007?
- What were the Chances of Selling a Condo on Seattle's Eastside in August, 2007?
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