In 2009, the annualized citywide Seattle median condo price fell 10% from 2008 to $279,000. That s a hefty decrease considering the citywide median value only dropped 0.9% between 2007 and 2008. Besides the overall economic conditions, other related factors contributing to declining values include the first-time home buyers tax credit, condo auctions and the proliferation of short sales and bank owned property sales.Does this mean the average Seattle condo was worth 10% less in 2009 than in 20...
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