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PREVIOUSLY-OW NED CONDO -DECEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKETSUMMARY Therewere48previouslyowned condohom esfor salein Seatlein D ecem ber,30% lowerthan N ovem berand 1100% higherthan D ecem ber 2021. D ecem ber'spreviously ow ned condo closed sales were11% lowerm onth-over-m onth (to24),and weredown 33% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 9% VS 2021
0% VS 2021
▲ 1100% VS 2021
▼ 33% VS 2021
▲ 1.2% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere2.0m onthsofinventoryin D ecem ber,reflecting selers'm arketconditions.
No. % Change
1.2% 9% 0% 1700% -33% 1100% No. % Change
24 48
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
27 69
-20% -22% -11% -30%
$593 $679,778 $540,000 0.1 36 4
Thepreviouslyowned condom edian sold pricein D ecem berwas$540,000,20% below N ovem ber, and0%thesam easD ecem ber2021. Theaveragesold pricewas$738,235,2% below lastm onth,theaveragePSF salespricewas$600, down 8% from lastm onth
$600 $738,235 $540,000 2.0
$650 $756,306 $672,000 2.6
-8% -2%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$593
$600
$516 $510
$752,000
$761,000
$735,000 $675,000
$550,000
$540,000
$540,000
98
89
77 106
69
50 91
61 58 58
44
39
36
48 24
33
53
52
16
4
30
27
12 16 23 27
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
20
6.0
6
3+ bdrms
10
15
4.0
13
10
2 bdrms
30
2.0 2.0
1.6 1.8
5
5
<2 bdrms
0.5
0
8
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
2 4 0.5
18 11 1.6
9 5 1.8
4 1 4.0
6 1 6.0
2 1 2.0
2 1 2.0
M onthsofInv. Closed Sales H om esforSale
5 0
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