sodo/beacon hill SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 32% VS 2023
▼ 3% VS 2023
▼ 11% VS 2023
There were 45 single-family home listings in SODO/Beacon Hill in July, 25% above June and 32% higher than July 2023. July single-family home sales decreased by 27% month-over-month, to 16, and were 11% below July 2023. The months of inventory for single-family home in SODO/Beacon Hill, at 2.8, reflected a sellers' market. The single-family home median price in July was $693,250, a 18% decrease from June and 3% below July 2023. The average sold price was $769,467, 25% below last month and up 9% 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
16 45
18 34
9% -3% 49% -11% 32%
22 36
-25% -18% 72% -27% 25%
$769,467 $693,250 2.8
$1,021,985 $850,000 1.6
$707,025 $715,500 1.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
38
45
37
36
39
34
31
36
27
26
31
29
22
22
23
23
22
18
21
21
13
17
16
15
9
12
9
8
$891K
$850K
$794K
$762K
$740K
$725K
$716K
$720K
$705K
$693K
$645K
$629K
$625K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
6.0
30
25
20
3.0
2.4
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
14 33 2.4
1 6 6.0
1 3 3.0
0 3 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. 46 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online