Lets start with the bad news first. The median price for Seattle condos fell for the third consecutive month; it now stands at $305,000, a 3.3% decrease compared to October. And, as we�d expect with cyclical patterns, fewer condos were sold last month, though pendings transactions remained unchanged.

The good news? Overall, Seattle�s condo market performed very well in November. While the month over month figures show a downward trend in the median price, compared to a year ago, median price rose 2.5%, the 11th consecutive month that 2007 sale prices have outpaced 2006. Additionally, the number of closed sales increased 15.3% over the prior year. Buyers are still buying and sellers are still experiencing value appreciation.

by Dec 7th, 2007 by Ben_Kakimoto, from seattlecondosandlofts.com