kingcounty CONDO -DECEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 93% VS 2021
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY Therewere674 new construction condo hom esforsalein KingCountyin D ecem ber, 28.7% lowerthan N ovem berand 93% higher than D ecem ber2021. D ecem ber'snew construction condo closed saleswere6% lowerm onth-over-m onth (at 325),and weredown 46% year-over-year. Therewere2.1m onthsofinventoryin D ecem ber,reflecting selers'm arket conditions. Thenew construction condom edian sold price in D ecem berwas$470,000,2% above N ovem ber,and 2.2% abovevsD ecem ber 2021. Theaveragesold pricewas$559,483,0.6% abovelastm onth,theaveragePSF salesprice was$510,aboutthesam eas0% from last month
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 2% VS 2021
0% VS 2021
▼ 46% VS 2021
▼ 1.2% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
601 350 256% -46% 93% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
325 674
347 945
0% 0.6% 2% -24% -6% -29%
$510 $559,483 $470,000 2.1
$510 $556,417 $459,000 2.7
$516 $559,657 $460,000 0.6
-1.2% 0% 2%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$617
$586
$520,000 $525,000 $505,000
$485,000 $487,475 $470,000
$516
$510
$460,000
1,101
1,072 1,017
1,086
970
945
714 753 671
724
674
601
557
554
567 531
450
670
405
347 325
546
471
350 309 374
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
10.3
64
200
3+ bdrms
146
7.3
150
164
5.4
2 bdrms
100
338
3.6
2.7
2.6
50
97
1.9
<2 bdrms
1.0
190
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
117 114 1.0
213 115 1.9
148 55 2.7
81 15 5.4
32 9 3.6
29 11 2.6
22 3 7.3
31 3 10.3
M onthsofInv. Closed Sales H om esforSale
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