seattle
PREVIOUSLY OWNED CONDO - MAY 2021
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
MEDIAN PRICE
HOMES FOR SALE 3 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
5 % UP
1.8 % UP
117 % UP
1.6 SELLER’S
There were 453 previously owned condo homes for sale in Seattle in May, 7% below April but 3% higher vs May 2020. May’s previously owned condo closed sales decreased by 9% month-over-month (to 278) but were up 177% year-over-year. There was 1.6 months of inventory in May, reflect- ing seller’s market conditions. The previously owned condo median sold price in May was $468,500, 1.4% below April but 1.8% higher vs May 2020. The average sold price was $552,774, 4% below last month; the average PSF sales price was $598, down 1.5% from last month.
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 486 305 1.6
% Change
No. 441 128 3.4
% Change
HOMES FOR SALE
453 278 1.6
-7% -9%
3%
CLOSED SALES
117% -53% 1.8%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
2%
$468,500 $475,000 $552,774 $573,670
-1.4% $460,000 -4% $527,242 -1.5% $557
5% 7%
AVERAGE PRICE PSF
$598
$607
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$460,000 $474,000 $466,500 $475,000 $463,250 $478,500 $468,500
873
724
665
499
494
441
453
260
278
258
239
191
146
128
SEATTLE
KING COUNTY
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
12
3+ bdrms
BUYER'S MARKET
32
128
2 bdrms
176
138
. . . . 0 0 0 0
<2 bdrms
245
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. 8
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