SAN FRANCISCO—New condominium prices remained mostly steady inSan Francisco, Downtown Los Angeles andDowntown Seattle in September compared over theprevious month. This according to the Condominium PricingIndex released recently by The Mark Company,a leading urban residential marketing and sales firm.

The Mark Company Condominium Pricing Index forSeptember was up 1% month over month in San Francisco, unchanged inDowntown Los Angeles from the previous month, and up 2% in DowntownSeattle from August 2014.

“While prices remained mostly steady in September 2014,the Condominium Pricing Index did show a significantincrease in San Francisco and Downtown Los Angeles over theprevious year,” noted Erin Kennelly, seniordirector of research, The Mark Company. “New constructioninventory was also up sharply in both markets due to the additionof new projects—Lumina in theTransbay area of San Francisco, andMetropolis in downtown Los Angeles. However,inventory remains historically low, and we anticipate absorptionwill continue at a steady pace.”