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PREVIOUSLY-OW NED CONDO -FEBRUARY2023
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKETSUMMARY Therewere46previouslyowned condohom esfor salein Seatlein February,0%aboutthesam eas Januaryand 188% higherthan February2022. February'spreviouslyowned condo closed sales were56% higherm onth-over-m onth (to28),and weredown 15% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 23% VS 2022
-36% VS 2022
▲ 188% VS 2022
▼ 15% VS 2022
▼ 18% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere1.6m onthsofinventoryin February, reflecting selers'm arketconditions.
No. % Change
33 16 -18% -23% -36% 239% -15% 188% No. % Change
28 46
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
18 46
-11% -3% -9% -36% 56% 0%
Thepreviouslyowned condom edian sold pricein Februarywas$485,000,9% below January,and 36% below vsFebruary2022. Theaveragesold pricewas$609,570,3% below lastm onth,theaveragePSF salespricewas$557, down 11% from lastm onth
$557 $609,570 $485,000 1.6
$627 $629,452 $535,844 2.6
$676 $791,649 $761,000 0.5
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$676
$557 $579
$525
$761,000
$752,000
$735,000 $675,000
$550,000 $565,000
106
98
$485,000
91
88
77
68
61 58 58
49 46 46
33
53
52
50 44
18
39
30
28
27 23
16 23 27
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
20
2.0
3
3+ bdrms
10
15
1.3
17
10
1.0
1.0
2 bdrms
27
5
0.5
8
<2 bdrms
0
9
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
4 4 1.0
18 14 1.3
7 7 1.0
2 1 2.0
1 2 0.5
M onthsofInv. Closed Sales H om esforSale
8 0
5 0
1 0
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