Seattle rennie review - July 2021

bellevue

RES IDENT IAL  JUNE 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

71 % DOWN

44 % UP

-

44 % UP

32 % UP

0.3 SELLER’S

There were 46 residential homes for sale in the Bellevue market area in June, 6% below last month and 71% lower vs June 2020. Residential closed sales increased by 21% month-over-month, to 143, and were 32% higher year-over-year. There was 0.3 months of inventory for residential homes in June, reflecting seller’s market conditions. The median sold price in June was $1.65M, 3% above May and 44% higher vs last year. The average sold price for residential homes was $1.93M, 1.5% higher month-over-month and 44% above June of last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No. 161 108 1.5

% Change

HOMES FOR SALE

46

49

-6% 21% -23%

-71% 32% -78% 44% 44%

CLOSED SALES

143 0.3

118 0.4

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$1,650,000 $1,600,000

3% $1,145,400

$1,925,713 $1,898,157 1.5% $1,337,852

AVERAGE PRICE PSF

-

-

-

-

-

RATIO OF MEDIAN PRICES ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

MILLIONS

$1.65

$1.62

2.46

2.41

$1.41

$1.28

$1.23

$1.23

$1.15

1.74

180

165

161

143

123

120

124

68

113

108

51

46

39

34

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 QD                       

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. 9

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