seattle RESIDENTIAL - JANUARY 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 4% VS 2023
▼ 9% VS 2023
▼ 9% VS 2023
There were 546 residential listings in Seattle in January, 0.6% above December and 9% lower than January 2023. January residential sales decreased by 8% month-over-month, to 267, and were 9% below January 2023. The months of inventory for residential in Seattle, at 2.0, reflected a sellers' market. The residential median price in January was $830,000, a 1.2% decrease from December and 4% above January 2023. The average sold price was $1,047,294, 7% above last month and up 13% to January 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 294 599
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
267 546
-9% -9%
291 543
7% -1.2% 10% -8% 0.6%
$1,047,294 $830,000 2.0
$975,712 $840,000 1.9
$930,780 $800,000 204%
13% 4% 0.4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
998
29
29
897
841
736
735
825
812 552
676
646
706
440 566
678
599
538
21
546
471
577
548
420
543
462
267
294
291
$910K
$912K
$900K
$885K
$875K
$883K
$880K
$865K
$850K
$840K
$830K
$800K
$800K
Jan-23
Dec-23
Jan-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
150
7.5
7.3
100
4.3
2.6
2.5
50
2.1
1.8
1.8
1.8
1.4
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 53 1.4
87 154 1.8
54 113 2.1
36 63 1.8
21 55 2.6
16 28 1.8
3 13 4.3
6 15 2.5
3 22 7.3
4 30 7.5
Copyright © February 7, 2024 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 February 7, 2024. 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.
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