seattle
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 52 % UP
CLOSED SALES
MONTHS OF INVENTORY 4.0 BALANCED
MARKET SUMMARY ›
12 % UP
1.2 % UP
12 % UP
26 % UP
There were 988 condo homes for sale in Seattle in September, 2% below August but 52% higher vs September 2019. September’s condo closed sales decreased by 12% month-over-month but were up 26% year-over-year. There was 4.0 months of inventory for condos in September, reflecting seller’s market conditions. The condo median sold price in September was $501,000, 5% above August and 12% higher vs September 2019. The average sold price was $642,907, 10% above last month; the average PSF sales price was $585, up 0.2% from last month.
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VS
VS
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VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 649 194 3.3
% Change
HOMES FOR SALE
988 244 4.0
1,013
-2%
52% 26% 21% 12% 12% 1.2%
CLOSED SALES
276 3.7
-12% 10%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$501,000 $475,000 $642,907 $583,756
5% $448,000 10% $573,431
$585
$584
0.2%
$578
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$480,000
$488,500 $501,000
$470,000 $467,500 $450,000
$448,000
988
919
649
646
472
359
348
244
233
213
194
181
178
146
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
25
3+ bdrms
BUYER'S MARKET
74
117
2 bdrms
423
102
. . . . 0 0 0 0
<2 bdrms
491
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. 7
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