What Were The Chances of Selling Your Seattle-Eastside Condo in April, 2009?
Seattle Eastside April 2009 condo real estate statistics
April, 2009 1315 condos for sale,177 sold, 13% chance of selling a condo
(The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month. So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.)
(pended means the number of condos that got offers this month)
Much good news for the Seattle-Eastside condo sales during April, 2009. April represented the highest number of condo sales on Seattle’s eastside since June, 2008. Only 15 more condos were offered for sale, but 67 more sold in April than in March. I’m sure the first time home buyer credit is spurring on all the activity.
The other piece of good news is HUD, the office of Housing and Urban Development, announced the $8000 first time home buyer tax credit can be used towards a buyer’s down payment. This is a boon to first time buyers. The actual workings of the program have not been released yet, but I will report on it as soon as I hear about it. If you have a lender you trust, you can also contact them to get more information about the program. Remember, the tax incentive must be used before December 1st, 2009. To be safe, if you plan to use it, you should consider buying before the end of October, so your home or condo purchase will close in time for you to be eligible for the credit.
Related posts:
- What Were The Chances of Selling a Condo on Seattle's Eastside in April of 2008?
- What Were The Chances of Selling Your Seattle Eastside Condo in March, 2009?
- What Were The Chances of Selling Your Seattle/Eastside Home in April, 2009?
- What Were The Chances of Selling Your Seattle/Eastside Condo in May, 2008?
- What Were The Chances of Selling a Condo on Seattle's Eastside in January and February, 2009?
Related posts:
- What Were The Chances of Selling a Condo on Seattle's Eastside in April of 2008?
- What Were The Chances of Selling Your Seattle Eastside Condo in March, 2009?
- What Were The Chances of Selling Your Seattle/Eastside Home in April, 2009?
- What Were The Chances of Selling Your Seattle/Eastside Condo in May, 2008?
- What Were The Chances of Selling a Condo on Seattle's Eastside in January and February, 2009?
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