kingcounty
RESIDENTIAL-AUGUST202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein KingCountyin August,at3,433,was12% lowerthan lastm onth and 110% higherthan lastyear. W ith 2,072 in A ugust,residentialclosed sales were11% higherm onth-over-m onth,and 28% dow n year-over-year. Therewas1.7m onthsofinventoryfor residentialhom esin A ugust,reflecting selers' m arketconditions. Them edian sold pricein Augustwas $899,000,0.1% below July,and 5% abovevs August2,021. Theaveragesold price forresidentialhom es was$1,111,702,4% below lastm onth and 2% abouteven w ith lastyear.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 2% VS 2021
▲ 5% VS 2021
▲ 110% VS 2021
▼ 28% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
2,072 3,433
1,872 3,880
-4% -0.1% -20% 11% -12%
2,876 1,635
191% -28% 110%
$1,111,702 $899,000 1.7
$1,163,289 $900,000 2.1
$1,087,491 $855,000 0.6
2% 5%
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.83 1.86 1.85
$826,645 $815,000
$999,900
$855,000
$925,000
$899,000
$869,500
3,880
3,435
2,876 2,711
3,433 2,072
2,666
2,568
2,503
2,405
2,381
2,209
1,872
1,935
2,255
1,1061,264
1,769
1,635
1,746
1,401
1,127
786 530
742
577
Aug.-21 Jul.-22 Aug.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
800
5.1
4.7
600
400
2.0
1.8
1.7
1.6
1.5
200
0.9
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
296 322 0.9
772 501 1.5
674 403 1.7
742 466 1.6
387 216 1.8
163 82 2.0
152 30 5.1
246 52 4.7
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofSeptem ber14,202 .Aldatafrom NorthwestMultipleListingService & Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
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