The Seattle condo market is on the move, as the average sales price rose 4% to $624,000. Average price per square is $486, as available unit inventory fell 7% in the city. Average rental price in Seattle was up a surprising 16% to $2,710.
The biggest contributors to the price increases occurred at opposite ends of the Seattle market inventory. Studio condos skyrocketed 18% to an average price of $442,000. Meanwhile, 3-bedroom condos were up an impressive 7% to $773,000.