By Greg Perry
Kirkland Realtor
May's pending sales volume was the best for Eastside condos since June of last year. Pending volume has been steadily going up since March, but at same time more inventory has been coming in.
Median prices were also the strongest of the year for Eastside condos, rebounding from April which had the lowest median prices logged in for the year.
While May's median price was better, the price per square foot was down over $30.00 per square foot, which means you can buy more condo for the money this year than last.
The final chart shows the relationship between CDOM (continuous days on market) and the percentage between the list price and sold price. Notice as the days on market increase, the LP/SP percentage falls.
Eastside = NWMLS Areas 500,510,520,530,540,560,600
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