CONDO OCTOBER king county
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 30 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
36 % UP
19 % UP
19 % UP
48 % UP
2.0 SELLER’S
The number of condo homes for sale in King County, at 1,594, was down 2% month-over-month but 30% above last year. September’s condo closed sales, at 783, were 6% above last month and 48% higher than last year. There was 2.0 months of inventory for condos in September, reflecting seller’s market conditions. The condo median sold price in September was $458,000, up 3% month-over-month and 19% higher year-over-year. The average sold price was $648,813 with an average PSF sales price of $514 (up 14% and 4%, respectively, vs August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
1,594
1,634
-2%
1,224
30% 48% -12% 19% 36% 19%
CLOSED SALES
783 2.0
736 2.2
6%
530 2.31
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-8%
$458,000 $446,000 $648,813 $569,459
3% $383,475 14% $476,991
$514
$494
4%
$432
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$458,000
$405,000 $432,000 $430,000 $410,000 $413,000
$383,475
1,594
1,492
1,224
1,113
900
631
610
783
674
538
530
507
505
419
KING COUNTY
SEATTLE
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
191 195
3+ bdrms
415
SELLER'S MARKET
2 bdrms
783
BALANCED
BUYER'S MARKET
173
. . . . 0 0 0 0
<2 bdrms
620
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of November 2, 2020. All data from Northwest Multiple Listing Serivce & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 5
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