southeast seattle TOWNHOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 7.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 8% VS 2023
▼ 26% VS 2023
▼ 73% VS 2023
There were 28 townhome listings in Southeast Seattle in August, 22% above July and 26% lower than August 2023. August townhome sales decreased by 56% month-over-month, to 4, and were 73% below August 2023. The months of inventory for townhomes in Southeast Seattle, at 7.0, re#ected a buyers' market. The townhome median price in August was $698,950, a 6% decrease from July and 8% above August 2023. The average sold price was $722,850, 9% below last month; the average PSF sale price was $545, up 5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$545 $722,850 $698,950 7.0 4 28
15 38
176% -73% -26%
$521 $797,971 $747,500 2.6 9 23
5% -9% -6% 174% -56% 22%
$492 $672,895 $649,950 2.5
11% 7% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
81
42
36
38
38
31
34
67
64
28
25
25
23
20
17 23
23
15
16
9
14
11
9
8
8
8
7
4
$910K
$789K
$756K
$748K
$728K
$714K
$699K
$699K
$671K
$650K
$620K
$620K
$599K
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
9.0
8
4+ bdrms
7
6
1
3 bdrms
11
4
2.3
3
2 bdrms
2
9
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 0 9 n/a 3 7 2.3 1 9 9.0 0 2 n/a 0 1 n/a
1
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. 49 ●
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