capitol hill/central seattle SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 21% VS 2023
▲ 20% VS 2023
▼ 4% VS 2023
There were 96 single-family home listings in Capitol Hill/Central Seattle in July, 12% above June and 20% higher than July 2023. July single-family home sales decreased by 8% month-over-month, to 47, and were 4% below July 2023. The months of inventory for single-family home in Capitol Hill/Central Seattle, at 2.0, reflected a sellers' market. The single-family home median price in July was $1,437,950, a 3% decrease from June and 21% above July 2023. The average sold price was $1,850,982, 2.0% above last month and up 21% to July 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
47 96
49 80
21% 21% 25% -4% 20%
51 86
2% -3% 21% -8% 12%
$1,850,982 $1,437,950 2.0
$1,815,409 $1,475,000 1.7
$1,525,957 $1,190,000 1.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
36
36
96
87
85
34
77
80
86
75
57
54
51
63
51
50
48
49
47
39
33
33
43
40
37
31
27
23
19
$1.85M
$1.53M $1.55M $1.46M $1.48M $1.44M
$1.50M
$1.34M
$1.32M $1.34M $1.31M
$1.19M
$1.09M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
8.0
20
15
5.0
4.0
10
3.1
3.0
2.3
1.8
1.6
1.3
5
0.8
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
8 10 1.3
8 6 0.8
10 16 1.6
7 22 3.1
4 9 2.3
5 9 1.8
2 8 4.0
1 8 8.0
1 3 3.0
1 5 5.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 August 6, 2024. 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. 19 ●
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