kingcounty CONDO -OCTOBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 52% VS 2021
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKETSUMMARY Therewere1,100 new construction condo hom esforsalein KingCountyin O ctober, 1.0% lowerthan Septem berand 52% higher than October2021. O ctober'snew construction condo closed sales were15% lowerm onth-over-m onth (at448), and weredown 39% year-over-year. Therewere2.5m onthsofinventoryin O ctober,reflecting selers'm arketconditions. Thenew construction condom edian sold price in Octoberwas$487,475,0.5% above Septem ber,and 3% abovevsO ctober2021. Theaveragesold pricewas$596,099,0.2% abovelastm onth,theaveragePSF salesprice was$536,down 2% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 3% VS 2021
▲ 4% VS 2021
▼ 39% VS 2021
▲ 4% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $536 $596,099 $487,475 2.5 448 1,100
No. % Change
731 725 148% -39% 52% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$549 $594,692 $485,000 2.1 530 1,111
-2% 0.2% 0.5% 17% -15% -1.0%
$513 $574,494 $475,000 1.0
4% 4% 3%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$644 $638
$520,000 $525,000 $505,000
$536
$485,000 $487,475
$513
$475,000 $460,000
1,100
1,111
1,073 1,023
969
714 752 671
725
724
691
731
601
557
554
567 530
448
669
405
543
517
467
347 306 369
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
400
12.5
97
3+ bdrms
206
300
234
200
2 bdrms
5.9
554
4.6
100
3.3
2.7
2.3
117
1.8
1.5
<2 bdrms
340
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
210 136 1.5
358 157 2.3
227 69 3.3
118 44 2.7
65 14 4.6
30 17 1.8
41 7 5.9
50 4 12.5
M onthsofInv. Closed Sales H om esforSale
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