- January 2010 was a solid month for the Seattle Condo market. Median prices were were up 21% versus December 2009 (albeit down slightly, 6.3%, versus the same time of year in 2009).
- Pending sales were up 25% versus the same time previous year as well as up over 25% versus the previous month. Supply was flat year-over-year but up 20% versus December 2009.
- Belltown/Downtown saw the most improved activity with a whopping 150% jump in pending sales year-over-year and almost double what we saw the previous month. For those wondering, it doesn't look like another pricing bubble since, Belltown/ Downtown median prices were down 35% year-over-year.
- Queen Anne/Magnolia also saw some strong condo market performance with double the closed sales versus the previous year, 20% higher median prices year over year, and 18% more pending sales year over year.