king county
RES IDENT IAL MAY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
7 % DOWN
3 % DOWN
43 % DOWN
38 % DOWN
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1.6 SELLER’S
There were 2,646 residential homes for sale in King County in May, 1.6% below last month and 43% lower vs May 2019.
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Residential closed sales rose by 3% month- over-month, to 1,659, but were 38% lower year-over-year.
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
There was 1.6 months of inventory for residential homes in May, reflecting seller’s market conditions. The median sold price in May was $679,950, 5% below the previous month and a 3% decrease vs last year. The average sold price for residential homes was $792,204, 5% lower month-over-month and 7% below May of last year.
HOMES FOR SALE
2,646 1,659
2,689 1,605
-1.6% 4,683
-43% -38%
CLOSED SALES
3%
2,666
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1.6
1.7
-5%
1.76
-9% -3% -7%
$679,950 $715,000 $792,204 $830,942
-5% $699,999 -5% $851,613
AVERAGE PRICE PSF
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RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$725,000
$699,999 $680,000
$679,950
$660,000 $650,000 $640,776
1.66
1.64
4,683
1.61
4,513
4,294
2,687
2,646
2,519
2,666
2,625
1,741
1,973
1,969
1,842
1,659
1,269
May-19
Apr-20
May-20
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
. . . 0 0 0 0 0 MONTHS OF INV. CLOSED SALES HOMES FOR SALE SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2020 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 June 12, 2020. All data from Northwest Multiple Listing Serivce & 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. 4
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