seattle
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 2 % UP
MEDIAN PRICE
HOMES FOR SALE 49 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
18 % UP
6 % UP
51 % UP
3.6 SELLER’S
There were 1,004 condo homes for sale in Seattle in September, 8% above August and 49% higher vs September 2019. September’s condo closed sales increased by 21% month-over-month and were up 51% year-over-year. There was 3.6 months of inventory for condos in September, reflecting seller’s market conditions. The condo median sold price in September was $475,000, 3% below August but 6% higher vs September 2019. The average sold price was $585,394, relatively unchanged from last month; the average PSF sales price was $583, down 1.5% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 928 231 4.0
% Change
No. 672 186 3.6
% Change
HOMES FOR SALE
1,004
8%
49% 51%
CLOSED SALES
280 3.6
21% -11%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-0.8%
$475,000 $489,000 $585,394 $585,245
-3% $447,500 0.0% $497,303 -1.5% $570
6%
18%
$583
$592
2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$483,500 $475,000 $480,000 $475,000
$447,500 $450,000 $453,000
1,004
798
672
545
509
431
315
280
251
233
186
170
139
135
SEATTLE
KING COUNTY
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
22
BUYER'S MARKET
3+ bdrms
77
146
2 bdrms
431
112
. . . . 0 0 0 0
<2 bdrms
496
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 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 October 7, 2020. 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. 7
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