November 2011 data is in for the Seattle condo market and all things considered, it was a pretty good month -- considerably more promising than October.
Highlights:
- Sales month over month were flat (which is actually good since we're now entering the holiday season) but when you compare year over year, we saw about the same number of sales from October 2010 to October 2011. November, on the other hand, saw sales go up a strong 44% from November 2010 to November 2011.
- Median prices recovered 7% from $226K in October 2011 to $240K in November 2011.
- Supply remained stable with only 824 units for sale (versus over 1,127 in June).
Have a Happy Holiday!
Wendy
