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April Condo Performance Report
http://seattlecondosandlofts.com/ 2008/ 05/ april-condo-performance-report
April Condo Performance Report May 5th, 2008 by Ben_Kakimoto April’s performance figures released by the NWMLS exhibited further softening of Seattle’s condo market. The median price for Seattle condos (citywide) was $312,500, a .8% decrease from a year ago and a 5.3% decrease from March’s record high of $329,975. The available condo inventory rose to 1,572 active listings April. Combined with slower sales activity the citywide inventory supply rate climbed to 7.2 months based on pending sales, which is the highest level we’ve seen in years. An inventory supply rate based on closed sales is also commonly used.
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