southeast seattle SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 38% VS 2023
▲ 20% VS 2023
▲ 43% VS 2023
▼ 8% VS 2023
There were 46 single-family home listings in Southeast Seattle in April, 6% below March and 8% lower than April 2023. April single-family home sales increased by 33% month-over-month, to 40, and were 43% above April 2023. The months of inventory for single-family home in Southeast Seattle, at 1.2, re&ected a sellers' market. The single-family home median price in April was $962,000, a 14% increase from March and 20% above April 2023. The average sold price was $1,229,099, 8% above last month and up 38% to April 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
40 46
28 50
38% 20% -36% 43% -8%
30 49
8% 14% -30% 33% -6%
$1,229,099 $962,000 1.2
$1,138,082 $847,500 1.6
$893,409 $802,500 1.79
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
35
73
34
34
66
64
54
49
49
58
50
46
40
37
44
34
32
40
28
34
24
33
30
29
28
27
24
18
$962K
$900K
$881K
$845K
$848K
$831K
$838K
$821K
$803K
$800K
$741K
$725K
$715K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
3.0
20
2.0
15
1.4
1.2
1.0
10
5
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
23 22 1.0
6 7 1.2
2 4 2.0
5 7 1.4
1 0 n/a
1 3 3.0
0 3 n/a
1 0 n/a
1 0 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. 48 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online