Seattle, Washington, is known for it great mix of culture and commerce. How is the real estate market this month?

Real estate expert Jirius Isaac is reporting that "prices are down about 13 percent from this time last year, mostly because there are more buyers then sellers. Sales are actually down about 29 percent from last year. And with interest rates at 5 percent, I would expect this trend to continue. Prices are still half what they are in San Francisco. Condos now, for the first time ever, are rising faster then single family home."

Sheryl Knowles agrees, noting, "The urban condo market remains strong! Existing inventory continue to sell but a slower pace than previously. New inventory is being added and demand is keeping pace."

She continues that "Seattle is such a diverse city its occupants can choose urban living as well as suburban living. Seattle is comprised of multiple, fascinating cities-within-cities. From waterfront to high-rise to remarkable house boats -- your choices are limitless. Prices range from the $500s to over $4 million. Most properties sell in the range of $550,000, and offer two bedrooms and 1.75 baths in 1,600 square feet."

Published: December 16, 2008

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