lake forest park SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 20% VS 2023
▼ 4% VS 2023
▼ 7% VS 2023
There were 22 single-family home listings in Lake Forest Park in April, 100% above March and 4% lower than April 2023. April single-family home sales decreased by 16% month-over-month, to 26, and were 7% below April 2023. The months of inventory for single-family home in Lake Forest Park, at 0.8, re)ected a sellers' market. The single-family home median price in April was $1,072,500, a 7% increase from March and 20% above April 2023. The average sold price was $1,072,607, 3% above last month and up 6% to April 2023.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
26 22
28 23
6% 20% 3% -7% -4%
31 11
3% 7% 138% -16% 100%
$1,072,607 $1,072,500 0.8
$1,038,805 $1,005,000 0.4
$1,013,784 $895,000 0.82
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
35
29
32
28
31
31
28
27
22 26
28
30
30
29
29
23
22
23
23
20
15
13
15
14
12
11
9
9
$1.08M
$999K
$1.00M $1.07M
$990K
$960K
$910K
$895K
$880K
$875K
$863K
$850K
$830K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
12
0.9
0.7
0.7
10
8
6
4
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
12 8 0.7
9 8 0.9
3 2 0.7
2 0 n/a
0 1 n/a
0 2 n/a
0 1 n/a
Copyright © May 8, 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 May 8, 2024. All data from Northwest Multiple Listing Service & 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 or revised at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3 4 ●
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