Seattle’s condo market is simmering
The Seattle condo market is making a comeback, reports the Seattle Times . Among the 2,500 new condos built by developers throughout downtown, Belltown, Lower Queen Anne and South Lake Union, only 250 remain on the market, according to county records.
Housing news for April
Housing prices for King County in the month of April were strong, and inventory was down 37 percent from one year ago, reports the Seattle Times based on data released by the Northwest Multiple Listing Service. The median house price in King County went up to $360,000, which is 9 percent better than last month and about 3 percent higher than April 2011. Snohomish County’s median house price jumped to $255,502, which is almost 10 percent better than a year ago. A total of 741 homes were sold, 25 percent more than the number closed in April 2011.