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PREVIOUSLY-OW NEDCONDO -AUGUST202
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKETSUMMARY Therewere90previouslyowned condohom esfor salein Seatlein August,17% lowerthan Julyand 45% higherthan August2021. August'spreviouslyowned condoclosed sales were32% higherm onth-over-m onth (to50),and weredown 36% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 3% VS 2021
▲ 17% VS 2021
▲ 45% VS 2021
▼ 36% VS 2021
▲ 5% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere1.8m onthsofinventoryin August, reflecting selers'm arketconditions.
No. % Change
78 62 126% -36% 45% No. % Change
50 90
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$699 $973,234 $804,000 2.9 38 109
-10% -18% -16% -37% 32% -17%
Thepreviouslyowned condom edian sold pricein Augustwas$675,000,16% below July,and 17% abovevsAugust2021. Theaveragesold pricewas$796,797,18% below lastm onth,theaveragePSF salespricewas$630, down 10% from lastm onth
$630 $796,797 $675,000 1.8
$601 $774,100 $578,750 0.8
5% 3% 17%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$630
$601
$761,000
$752,000
$527 $536
$735,000 $675,000
$578,750 $579,000
$540,000
79 109
78 83
90
61 58 58
60 62
38 50
36
62
33
53
51
46
14
16
4
22
12 16 23 27
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
25
8.0
10
3+ bdrms
20
20
6.0
5.5
15
35
2 bdrms
49
10
1.5 1.6
1.0
5
5
0.7
0.4
<2 bdrms
0
21
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
4 4 1.0
24 16 1.5
21 13 1.6
22 4 5.5
3 8 0.4
8 1 8.0
2 3 0.7
6 1 6.0
M onthsofInv. Closed Sales H om esforSale
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