Seattle, Washington, is a diverse city with a healthy -- maybe even booming -- 2007 real estate market.

Local experts are reporting, "The urban condo market is hot," with condo prices rising faster than single family homes -- a first. "Inventory can not keep up with demand."

The median sales price for King County is $429,000, with the number of pending sales up a whopping 31 percent in February of this year. Median prices are up 9 percent from a year ago.

Will demand continue? Studies indicate that the Seattle area should expect a surge in population of 1.2 million residents in the next 10 to 20 years!

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