Seattle rennie review - February 2022

bellevue

RES IDENT IAL - JANUARY 2022

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

34 % UP

16 % UP

47 % DOWN

29 % DOWN

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0.4 SELLER’S

There were 19 residential homes for sale in the Bellevue market area in January, 73% above last month, and 47% lower vs January 2021. Residential closed sales decreased by 40% month-over-month, to 44, and were 29% lower year-over-year. There was 0.4 months of inventory for residen- tial homes in January, reflecting seller’s market conditions. The median sold price in January was $1.71M, 4% above December, and 16% higher vs last year. The average sold price for residential homes was $2.32M, 6% higher month-over-month and 34% above January of last year.

VS 2021

VS 2021

VS 2021

VS 2021

VS 2021

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RATIO OF MEDIAN PRICES ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

(MILLIONS)

















































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HOMES FOR SALE & CLOSED SALES BY PRICE RANGE

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

     

  





    





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Copyright © 2021 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 February 10, 2022. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 9

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