seattle
CONDO MAY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
4 % DOWN
0.9 % DOWN
23 % DOWN 0.5 % DOWN
50 % DOWN
3.8 SELLER’S
There were 527 condo homes for sale in Seattle in May, 12% above April but 23% lower vs May 2019. May’s condo closed sales decreased by 5% month- over-month and fell by 50% year-over-year. There was 3.8 months of inventory for condos in May, reflecting seller’s market conditions. The condo median sold price in May was $477,495, 2% above April but 0.5% lower vs May 2019. The average sold price was $553,075, 5% above last month; the average PSF sales price was $578, down 4% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 469 147 3.2
% Change
No. 683 282 2.4
% Change
HOMES FOR SALE
527 140 3.8
12% -5% 18%
-23% -50% 55% -0.5% -0.9%
CLOSED SALES
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$477,495 $467,000 $553,075 $525,374
2% $480,000 5% $558,305
AVERAGE PRICE PSF
$578
$604
-4%
$601
-4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$483,500 $477,495
$480,000 $448,000
$447,500 $450,000 $453,000
706
683
666
527
502
428
309
282
247
233
186
170
140
135
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
17
3+ bdrms
54
SELLER'S MARKET
63
BALANCED
2 bdrms
215
BUYER'S MARKET
60
. . . . 0 0 0 0 QD
<2 bdrms
258
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 7
Made with FlippingBook - professional solution for displaying marketing and sales documents online