CONDO APRI L king county
AVERAGE PRICE
AVERAGE PSF PRICE 5 % UP
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
20 % DOWN
34 % DOWN
6 % UP
5 % UP
2.1 SELLER’S
The number of condo homes for sale in King County, at 875, were up 9% month-over-month but fell 20% vs last year. April’s condo closed sales, at 413, were 33% below last month and 34% lower than last year. There was 2.1 months of inventory for condos in April, reflecting seller’s market conditions. The condo median sold price in April was $425,000, down 3% vs March but a 5% increase from April 2019. The average sold price was $504,641 with an aver- age PSF sales price of $465 (up 0.8% but down 3%, respectively, vs March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 800 612 1.3
% Change
No.
% Change
HOMES FOR SALE
875 413 2.1
9%
1,100
-20% -34% 20%
CLOSED SALES
-33% 62%
624 1.76
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$425,000 $438,225 $504,641 $500,763
-3% $406,625 0.8% $474,317
5% 6% 5%
$465
$477
-3%
$441
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$432,000 $425,000
$406,625 $420,000 $399,000 $383,475 $405,000
1,356
1,315
1,219
1,100
875
624
604
626
625
624
538
530
507
413
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
93
BUYER'S MARKET
3+ bdrms
194
212
2 bdrms
398
108
. . . . 0 0 0 0
<2 bdrms
283
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 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 14, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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
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