seattle rennie review - June 2020

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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