lake forest park SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.8% VS 2023
▲ 46% VS 2023
▲ 43% VS 2023
▼ 12% VS 2023
There were 51 single-family home listings in Lake Forest Park in July, 34% above June and 46% higher than July 2023. July single-family home sales increased by 65% month-over-month, to 43, and were 43% above July 2023. The months of inventory for single-family home in Lake Forest Park, at 1.2, reflected a sellers' market. The single-family home median price in July was $878,000, a 9% decrease from June and 12% below July 2023. The average sold price was $1,069,681, 6% above last month and up 1.8% to July 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
43 51
30 35
1.8% -12% 1.7% 43% 46%
26 38
6% -9% -19% 65% 34%
$1,069,681 $878,000 1.2
$1,007,988 $969,000 1.5
$1,051,147 $999,001 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
51
34
33
43
38
35
32
38
31
27
27
30
23
29
22
26
23
23
22
22
15
15
15
19
15
11
9
9
$1.14M $1.08M
$999K
$990K $1.00M
$969K
$960K
$910K
$875K
$878K
$863K
$850K
$830K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
2.5
30
2.0
25
20
1.2
0.7
15
10
5
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
27 32 1.2
10 7 0.7
2 5 2.5
2 4 2.0
0 2 n/a
2 0 n/a
0 1 n/a
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. 34 ●
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