king county CONDO - MAY 2021
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
19 % DOWN
7 % UP
10 % UP
7 % UP
116 % UP
1.1 SELLER’S
The number of condo homes for sale in King County, at 830, was down 7% month-over-month and 19% below last year. May’s condo closed sales, at 771, were 4% below last month but 116% higher than last year. There was 1.1 months of inventory for condos in May, reflecting seller’s market conditions. The condo median sold price in May was $450,000, down 2% month-over-month but up 7% year-over-year. The average sold price was $543,564 with an average PSF sales price of $507 (down 4% and 2%, respectively, vs April).
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 894 807 1.1
% Change
No.
% Change
HOMES FOR SALE
830 771 1.1
-7% -4% -3%
1,028
-19% 116% -63%
CLOSED SALES
357 2.88
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$450,000 $460,000 $543,564 $565,649
-2% $420,000 -4% $508,549
7% 7%
AVERAGE PRICE PSF
$507
$518
-2%
$459
10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$475,000 $450,000
$446,000 $445,000
$420,000 $429,375
$410,000
1,589
1,324
1,283
1,028
868
842
830
771
736
728
673
670
459
357
KING COUNTY
SEATTLE
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
142
3+ bdrms
BUYER'S MARKET
121
401
2 bdrms
356
228
. . . . 0 0 0 0
<2 bdrms
353
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 June 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. 5
Made with FlippingBook - professional solution for displaying marketing and sales documents online