kingcounty
RESIDENTIAL-OCTOBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.2 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein KingCountyin October,at3,369,was12% lowerthan lastm onth and 140% higherthan lastyear. W ith 1,557 in O ctober,residentialclosed sales were15% lowerm onth-over-m onth,and 42% dow n year-over-year. Therewas2.2m onthsofinventoryfor residentialhom esin O ctober,reflecting selers'm arketconditions. Them edian sold pricein O ctoberwas $900,000,2% aboveSeptem ber,and 9% above vsOctober2021. Theaveragesold price forresidentialhom es was$1,118,225,0.3% abovelastm onth and 4% higherthan lastyear.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 4% VS 2021
▲ 9% VS 2021
▲ 140% VS 2021
▼ 42% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
1,557 3,369
1,836 3,847
0.3% 2% 3% -15% -12%
2,666 1,403
311% -42% 140%
$1,118,225 $900,000 2.2
$1,114,626 $880,000 2.1
$1,076,250 $826,645 0.5
4% 9%
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.81 1.85
1.74
$826,645
$999,900
$815,000
$925,000 $900,000 $900,000
$869,500
3,847
3,826
3,418
3,514
3,369
2,666
2,568 2,502
2,405
2,381
2,209
1,935
2,278
1,871 2,049 1,836
1,1061,264
1,773
1,557
1,403
1,156
790
763
537 597
O ct.-21 Sep.-22 O ct.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
5.8
800
5.4
600
400
2.6
2.3
2.2
2.2
1.7
200
1.4
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
360 252 1.4
798 365 2.2
662 283 2.3
652 378 1.7
368 141 2.6
158 71 2.2
151 26 5.8
220 41 5.4
M onthsofInv. Closed Sales H om esforSale
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