Seattle condo supply is at 'historic low'

As Featured in Onpoint Real Estate Services Blog

Written by Admin

Image Courtesy of Onpoint Real Estate Services

In a blog post outlining the historically low condo supply in Seattle, Dean Jones tells OnPoint Real Estate Services, "'The supply of condominiums (downtown) is historically low compared with other cycles,' and 'numerous apartments are being built for rent, but unfortunately for-sale product remains underrepresented in the pipeline. There are few new 'for sale' projects in an active development mode.' Jones said it may be 2015 before any substantial condo inventory delivers."