seatle
RESIDENTIAL-DECEMBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Seatlein D ecem ber,at636,was32% lower than lastm onth and 193% higherthan last year. W ith 395 in D ecem ber,residentialclosed saleswere14% lowerm onth-over-m onth,and 45% down year-over-year. Therewas1.6m onthsofinventoryfor residentialhom esin D ecem ber,reflecting selers'm arketconditions. Them edian sold pricein D ecem berwas $875,000,2% below N ovem ber,and 6% above vsD ecem ber2021. Theaveragesold pricewas$998,026,3% below lastm onth and 3.5% higherthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 4% VS 2021
▲ 6% VS 2021
▲ 193% VS 2021
▼ 45% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
395 636
457 932
-3% -1.7% -21% -14% -32%
716 217
431% -45% 193%
$998,026 $875,000 1.6
$1,025,847 $890,000 2.0
$964,186 $823,450 0.3
4% 6%
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.87
1.75
1.68
$996,000 $965,000
$910,000 $910,000
$900,000
$823,450
$875,000
1,122
1,080
1,018 1,245
931
932
841
803
780
716
845
655
636
668
410 477
579
563
517
395
513
457
348
217
293
226
D ec-21 N ov-22 D ec-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
200
10.0
150
100
50
2.7
2.4
1.6
1.6
1.5
1.4
1.3
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
75 54 1.4
181 111 1.6
151 102 1.5
117 75 1.6
47 36 1.3
16 6 2.7
19 8 2.4
30 3 10.0
M onthsofInv. Closed Sales H om esforSale
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