seattle
RES IDENT IAL OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 5 % DOWN
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
3 % UP
-
6 % UP
32 % UP
1.2 SELLER’S
The number of residential homes for sale in Seattle in September, at 1,181, was 6% lower month-over- month and 5% lower year-over-year. With 947 in September, residential closed sales were 3% lower month-over-month but 32% higher year-over-year. There was 1.2 months of inventory for residential homes in September, reflecting seller’s market conditions. The median sold price in September was $795,000, 0.5% below August but 6% higher vs September 2019. The average sold price was $912,092, 5% below last month but 3% higher vs September 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
1,181
1,259
-6% -3% -3%
1,237
-5% 32% -28%
CLOSED SALES
947 1.2
979 1.3
715 1.7
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$795,000 $799,000 $912,092 $959,685
-0.5% $750,000 -5% $885,061
6% 3%
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$799,975 $785,500 $815,000 $795,000
$750,000
$700,000 $720,000
1.68
1.67
1.59
1,237
1,215
1,181
934
840
947
635
911
608
810
715
587
522
474
Oct-19
Sep-20
Oct-20
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE ›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 6
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