Realogics Sotheby's International Realty Reports Historically Low Condo Supply in Downtown Seattle and a Rise in Prices

As Featured on Mortgage Securitization

Written by PR Wire

Image Courtesy of Mortgage Securitization

The press release reads, "'The supply of condominiums (downtown) is historically low compared with other cycles,' said Dean Jones, Principal of RSIR. 'Its been fifteen years since we've experienced a dearth of new unit deliveries like this. 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.'"