capitol hill/central seattle SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 12% VS 2023
▲ 4% VS 2023
▼ 31% VS 2023
There were 78 single-family home listings in Capitol Hill/Central Seattle in August, 19% below July and 4% higher than August 2023. August single-family home sales decreased by 30% month-over-month, to 33, and were 31% below August 2023. The months of inventory for single-family home in Capitol Hill/Central Seattle, at 2.4, re*ected a sellers' market. The single-family home median price in August was $1,680,000, a 17% increase from July and 12% above August 2023. The average sold price was $2,028,591, 10% above last month and up 22% to August 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
33 78
48 75
22% 12% 51% -31% 4%
47 96
10% 17% 16% -30% -19%
$2,028,591 $1,680,000 2.4
$1,850,982 $1,437,950 2.0
$1,663,699 $1,500,000 1.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
96
49
87
85
77
86
75
78
41
57
54
51
63
51
50
48
47
34
39
33
33
43
40
37
33
31
27
23
19
$1.85M
$1.68M
$1.53M $1.55M $1.46M $1.48M $1.44M
$1.50M
$1.34M
$1.32M $1.34M $1.31M
$1.09M
Aug-23
Jul-24
Aug-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
14
5.0
4.7
12
4.0
3.5
10
8
2.3
2.2
2.0
6
1.5
4
0.8
2
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
5 11 2.2
5 4 0.8
6 14 2.3
3 14 4.7
6 9 1.5
2 7 3.5
4 8 2.0
1 5 5.0
0 2 n/a
1 4 4.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 September 9, 2024. 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. 19 ●
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