seatle
RESIDENTIAL-OCTOBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.2 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Seatlein O ctober,at1,115,was11% lower than lastm onth and 73% higherthan lastyear. W ith 512 in O ctober,residentialclosed sales were9% lowerm onth-over-m onth,and 44% dow n year-over-year. Therewas2.2m onthsofinventoryfor residentialhom esin O ctober,reflecting selers'm arketconditions. Them edian sold pricein O ctoberwas $910,500,2% aboveSeptem ber,and 9% above vsOctober2021.
▲ 3% VS 2021
▲ 9% VS 2021
▲ 73% VS 2021
▼ 44% VS 2021
THISMONTH No. $1,068,741 $910,500 2.2 512 1,115 -
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,104,871 $890,955 2.2 563 1,249
-3% 2% -1.8% -9% -11%
920 643
212% -44% 73%
$1,042,245 $835,000 0.7
3% 9%
Theaveragesold pricewas$1,068,741,3% below lastm onth and 3% higherthan lastyear.
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.82 1.77
1.67
$996,000 $965,000
$910,000 $910,500
$900,000
$835,000 $823,450
1,074
1,018 1,249
1,115
924
841
920
827
803
780
716
845
655
643
668
410 477
569
563
512
500
357
340
289
225
216
O ct.-21 Sep.-22 O ct.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
300
9.8
200
4.0
100
2.9
2.4
2.1
1.8
1.7
1.5
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
95 56 1.7
300 124 2.4
264 127 2.1
223 127 1.8
116 40 2.9
40 26 1.5
28 7 4.0
49 5 9.8
M onthsofInv. Closed Sales H om esforSale
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