RESIDENTIAL REAL ESTATE: Condo supply squeeze

As Featured in the Puget Sound Business Journal

Written by Dean Jones

Image Courtesy of RSIR

As guest columnist for the PSBJ, Jones discusses the small condo supply in downtown Seattle. Jones writes, "unlike the surrounding single-family markets, where million-dollar-plus inventory is commonplace, it would appear the supply of luxury condominiums is fixed. Therein lies the challenge with high-rise construction - demand can rise much quicker than the supply."