seattle RESIDENTIAL - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2022
▲ 3% VS 2022
▼ 19% VS 2022
▼ 11% VS 2022
There were 736 residential listings in Seattle in November, 18% below October and 19% lower than November 2022. November residential sales decreased by 11% month-over-month, to 420, and were 11% below November 2022. The months of inventory for residential in Seattle, at 1.8, reflected a sellers' market. The residential median price in November was $912,000, a 4% increase from October and 3% above November 2022. The average sold price was $1,084,249, 6% above last month and up 6% to November 2022.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 470 911
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
420 736
-10% -11% -19%
471 898
-11% -18%
$1,084,249 $912,000 1.8
$1,024,551 $880,000 1.9
6% 4% -8%
$1,023,017 $883,225 194%
6% 3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
999
15
911
898
840
735
825
813
675
646
736
705
678
552
538
656
598
471
577
565
549
10
470
399
420
462
440
8
294
$910K
$912K
$900K
$883K
$875K
$885K
$875K
$883K
$880K
$865K
$850K
$800K
$800K
Nov-22
Oct-23
Nov-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
200
5.8
150
3.7
100
2.1
1.9
1.9
1.8
1.8
1.6
1.5
1.1
50
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
37 71 1.9
122 200 1.6
87 162 1.9
68 76 1.1
41 73 1.8
24 37 1.5
13 24 1.8
15 32 2.1
7 26 3.7
6 35 5.8
Copyright © December 13, 2023 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 December 13, 2023. All data from Northwest Multiple Listing Service & 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
Made with FlippingBook - professional solution for displaying marketing and sales documents online