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A look at Seattle\'s real estate inventory at the end of February 2011.
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Seattle Real Estate Inventory
Jan 2010 Jan 2011 Feb 2010 Feb 2011 Mar 2010
REO 156 266 140 247 123
Short Sales 270 423 207 407 311
Regular 2902 2105 2845 2177 3270
250750
125017502250275032503750
Combined Home & Condo Listings
Hom
es &
Con
dos
Year to Year Comparison
Source: NWMLS © 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 18 15
Short Sale 33 29
Regular 252 271
25
75
125
175
225
275
325
(Northeast)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 59 51
Short Sale 64 64
Regular 337 353
2575
125175225275325375425475
(Northwest)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 39 33
Short Sale 53 44
Regular 255 267
25
75
125
175
225
275
325
375
(Magnolia/Queen Anne)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 34 32
Short Sale 60 57
Regular 419 420
50
150
250
350
450
550
(Central)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 8 9
Short Sale 4 36
Regular 195 196
25
75
125
175
225
275
(Downtown ~ Condos Only)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 36 37
Short Sale 77 87
Regular 256 251
25
75
125
175
225
275
325
375
(South)
© 2011 RealtySeattle.com
Seattle Real Estate Inventory
Jan Feb
REO 72 70
Short Sale 96 90
Regular 391 419
50
150
250
350
450
550
650
(West)
© 2011 RealtySeattle.com
Absorption Rate for Seattle Homes
Northeast Northwest Magnolia Queen Ann
Central South West
4.2 4.46.3
9.6
15.4
8.4
11.59.1
4.5 3.9 4.8 4.1
Jan Feb
(Number of months needed to exhaust current inventory)
© 2011 RealtySeattle.com
Seattle Condo Absorption Rate
Northeast Northwest Magnolia Queen Ann
Downtown Central South West
46
8.1
149.3 11.3
2017.1
7.79.9
6.6 610
18
10.6
Jan Feb
© 2011 RealtySeattle.com
(Number of months needed to exhaust current inventory)
Home PricesFebruary 2011
Area Average ($) Median ($)
Northeast 563,000 430,000
Northwest 505,000 390,000
Queen Anne / Magnolia 1,100,000 719,000
Central 1,100,000 680,000
South 365,000 345,000
West 407,000 300,000
Seattle Condo PricesFebruary 2011
Area Average ($) Median ($)
Northeast 229,000 215,000
Northwest 236,000 220,000
Magnolia / Queen Anne 337,000 260,000
Downtown 810,000 450,000
Central 411,000 269,000
South 215,000 209,000
West 416,000 275,000
