You may have noticed the new “Maps/Stats” section of the blog. If not, see here (Seattle stats or Bellevue stats). I’ve wanted to make more of an effort to share the “statistical” side of our market. Obviously, I spend much of my time sharing my own opinion :-).
So, heading into this weekend, I thought that it might be interesting to see the condo inventory vs. absorption. This is one of your best indicators for how the overall market is trending. As you’ll notice at the bottom, these stats are tallied over 1 years time (dating back to Nov 2009)
If you have any special requests, I can provide the following charts (sales, prices, days on market, cost per square foot and many more). Just ask!
Seattle Condo Inventory vs. Absorbed
Bellevue Condo Inventory vs. Absorbed