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PREVIOUSLY-OW NED CONDO -OCTOBER202
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere87previouslyowned condohom esfor salein Seatlein O ctober,11% lowerthan Septem berand 295% higherthan October2021. O ctober'spreviously ow ned condo closed sales were32% lowerm onth-over-m onth (to30),and weredown 50% year-over-year.
▼ 18% VS 2021
▼ 5.0% VS 2021
▲ 295% VS 2021
▼ 50% VS 2021
▲ 2% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere2.9m onthsofinventoryin O ctober, reflecting selers'm arketconditions.
No. % Change
60 22 691% -50% 295% No. % Change
30 87
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
44 98
-10% -27% -25% 30% -32% -11%
Thepreviouslyowned condom edian sold pricein Octoberwas$550,000,25% below Septem ber, and 5% below vsOctober2021. Theaveragesold pricewas$666,805,27% below lastm onth,theaveragePSF salespricewas$623, down 10% from lastm onth
$623 $666,805 $550,000 2.9
$695 $917,655 $737,500 2.2
$609 $814,511 $579,000 0.4
2% -18% -5%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$623
$609
$761,000
$752,000
$513 $536
$735,000 $675,000
$579,000
$550,000
$540,000
98
77 106
87
50 91
61 58 58
60 62
44
39
36
33
53
52
30
14
16
4
22
12 16 23 27
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
30
6.0
6.0
5
3+ bdrms
15
20
3.8
18
3.2
3.0
2 bdrms
50
10
1.8
7
<2 bdrms
0
22
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
6 2 3.0
29 16 1.8
19 6 3.2
15 4 3.8
6 1 6.0
6 1 6.0
M onthsofInv. Closed Sales H om esforSale
2 0
4 0
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