west seattle SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 6% VS 2023
▲ 40% VS 2023
▲ 14% VS 2023
There were 118 single-family home listings in West Seattle in July, 27% above June and 40% higher than July 2023. July single-family home sales decreased by 4% month-over-month, to 100, and were 14% above July 2023. The months of inventory for single-family home in West Seattle, at 1.2, reflected a sellers' market. The single-family home median price in July was $917,500, a 5% increase from June and 6% above July 2023. The average sold price was $1,044,653, 7% above last month and up 5% 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
100 118
88 84
24% 14% 40%
$977,911 $875,000 0.9 104 93
7% 5% 32% -4% 27%
$1,044,653 $917,500 1.2
$999,530 $865,000 1.0
5% 6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
118
35
34
104
104
100
96
93
100
91
88
84
82
95
93
84
76
76
85
57
71
67
66
64
64
53
43
35
$925K
$915K
$918K
$882K
$880K
$879K
$885K
$865K
$875K
$855K
$800K
$790K
$735K
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
70
4.0
4.0
60
50
40
1.7
30
1.1
1.1
1.0
20
0.3
10
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
64 69 1.1
13 14 1.1
9 15 1.7
9 9 1.0
3 1 0.3
1 4 4.0
1 4 4.0
0 1 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. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online