Seattle rennie review - July 2021

seattle

RES IDENT IAL  JUNE 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

24 % DOWN

13 % UP

-

13 % UP

43 % UP

0.6 SELLER’S

The number of residential homes for sale in Seattle in June, at 717, were 13% higher month-over-month but 24% lower year-over-year. With 1,156 in June, residential closed sales were 15% higher month-over-month and 43% higher year-over-year. There was 0.6 months of inventory for residential homes in June, reflecting seller’s market conditions. The median sold price in June was $885,000, 1.1% below May but 13% higher vs June 2020. The average sold price was $1.05M, 2% below last month but 13% higher vs June 2020.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 632

% Change

No. 939 810 1.2

% Change

HOMES FOR SALE

717

13% 15%

-24% 43% -46% 13% 13%

CLOSED SALES

1,156

1,007

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

0.6

0.6

-1.2%

$885,000 $895,000 $1,050,909 $1,074,998

-1.1% $785,500 -2% $931,696

-

-

-

-

-

RATIO OF MEDIAN PRICES ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

$861,000 $885,000

$785,500 $815,000 $800,000 $776,750 $775,000

1.88

1.77

1.75

1,198

1,185

1,156

960

939

792

1,000

661

911

810

717

673

647

516

Jun-20

May-21

Jun-21

HOMES FOR SALE & CLOSED SALES BY PRICE RANGE ›

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

     

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET















 

. . . 0 0 0 0 0                        

MONTHS OF INV. CLOSED SALES HOMES FOR SALE

Copyright © 2021 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 July 14, 2021. 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. 6

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