seatle
PREVIOUSLY-OW NED CONDO -DECEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 42% VS 2021
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKETSUMMARY Therewere279previouslyowned condo hom esforsalein Seatlein D ecem ber,34% lowerthan N ovem berand 42% higherthan D ecem ber2021. D ecem ber'spreviouslyowned condoclosed saleswere13% lowerm onth-over-m onth (to 112),and weredown 49% year-over-year. Therewere2.5m onthsofinventoryin D ecem ber,reflecting selers'm arket conditions. Thepreviouslyowned condom edian sold pricein D ecem berwas$462,500,3% above N ovem ber,and 1% abovevsD ecem ber2021. Theaveragesold pricewas$529,733,6.0% below lastm onth,theaveragePSF salesprice was$575,up 1% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 0.6% VS 2021
▲ 0.5% VS 2021
▼ 49% VS 2021
▼ 1.5% VS 2021
PREVIOUSYEAR
THISMONTH No.
PREVIOUSMONTH
221 197 179% -49% 42% No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
112 279
129 423
1.1% -6% 3% -24% -13% -34%
$575 $529,733 $462,500 2.5
$584 $526,616 $460,000 0.9
$569 $563,310 $450,500 3.3
-1.5% 0.6% 0.5%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$584
$575
$497,000
$490,000 $485,000
$480,000 $462,500
$495,000
$460,000
$516 $510
519
499
491
458
468
423
333
256 297
221
217
304
279
176
256
263
220
213
222 205
197
162 175
150
129 112
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
4
16.0
100
3+ bdrms
29
80
10.0
50
60
2 bdrms
135
6.3
40
4.3
4.0
0 20
2.0
58
1.1
<2 bdrms
115
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
M onthsofInv. Closed Sales H om esforSale
43 39 1.10
99 49 2.02
60 15 4.00
25 4 6.25
10 1 10.00
13 3 4.33
16 1 16.00
12 0
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