seattle
RES IDENT IAL MAY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
3 % DOWN
39 % DOWN
33 % DOWN
1.9 % DOWN
-
1.6 SELLER’S
The number of residential homes for sale in Seattle in May, at 901, were 7% higher month-over-month but 39% lower year-over-year. With 547 in May, residential closed sales were 5% higher month-over-month but 33% below last year. There was 1.6 months of inventory for residential homes in May, reflecting seller’s market conditions. The median sold price in May was $749,000, 6% below April and 3% lower vs May 2019. The average sold price was $867,274, 4% below the previous month and 1.9% lower vs May 2019.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 840 522 1.6
% Change
No.
% Change
HOMES FOR SALE
901 547 1.6
7% 5% 2%
1,477
-39% -33%
CLOSED SALES
813 1.8
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
-9% -3%
$749,000 $799,975 $867,274 $901,789
-6% $775,000 -4% $884,475
-1.9%
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$782,750 $749,000
$775,000 $741,000
$730,000 $720,000 $719,975
1.71
1,477
1.61
1,386
1.57
1,405
903
901
759
813
807
548
664
648
614
547
442
May-19
Apr-20
May-20
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE ›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 6
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