seatle
RESIDENTIAL-AUGUST202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 1.5 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Seatlein August,at998,was8% lowerthan lastm onth and 44% higherthan lastyear. W ith 671 in A ugust,residentialclosed sales were2% higherm onth-over-m onth,and 29% dow n year-over-year. Therewas1.5m onthsofinventoryfor residentialhom esin A ugust,reflecting selers' m arketconditions. Them edian sold pricein Augustwas $905,000,5% below July,and 5% abovevs August2021. Theaveragesold pricewas$1,064,843,9% below lastm onth and 4% higherthan lastyear.
▲ 4% VS 2021
▲ 5% VS 2021
▲ 44% VS 2021
▼ 29% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
671 998
$1,166,445 $950,000 1.7 655 1,089
-9% -5% -11% 2% -8%
940 692
102% -29% 44%
$1,064,843 $905,000 1.5
$1,021,651 $865,000 0.7
4% 5%
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.86
1.77
1.74
$996,000 $965,000
$905,000
$900,000
$865,000 $835,000
$823,450
1,089
935
940 876
920
998
841
827
803
845
780
716
692
671
722
655
642
410 477
567
495
355
335
287
224
215
Aug.-21 Jul.-22 Aug.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
250
4.8
200
3.3
150
100
2.0
1.7
1.5
1.4
1.3
1.2
0 50
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
68 51 1.3
237 167 1.4
245 202 1.2
230 155 1.5
102 59 1.7
36 18 2.0
26 8 3.3
53 11 4.8
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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