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Condo Review - Montreux in Belltown

March Market Update - Seattle Condos

The condominium market in Seattle remains relatively unchanged from February. The advantage is still to the Seller with high odds of selling and selling above list price. 

The graphs below show statistics for Seattle condominiums for MARCH 2017. Questions, let us know!

SUMMARY:
- Less inventory than last year at this time, down to .6 months' supply (which is the same inventory level as Feb of this year)
- Higher median sales price than last year at this time, up 14%, to $434,000
- The highest number of sales so far this year are still happening at the price point between $500,000 and $750,000
- 63% of listings are selling above list price (higher % than in February, which was at 54%)
- Odds of selling are 105% (less condos coming on the market than are going pending)

YEAR OVER YEAR BASIC STATISTICS - Seattle Condos
Mar 2017 Stats


SALES BY PRICE BRACKET - Seattle Condos
Mar 2017 Sales by Price

MEDIAN SOLD PRICE - Seattle Condos
Mar 2017 Median Price

MONTHS SUPPLY - Seattle Condos
Mar 2017 Months Supply

LISTINGS SOLD AT, BELOW OR ABOVE LIST PRICE - Seattle Condos
Mar 2017 Listing Sold At Below Above

ODDS OF SELLING - Seattle Condos
Mar 2017 Odds of Selling

SALES NOT CLOSING - Seattle Condos
Mar 2017 Sales not Closing

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