seattle
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
0.0 %
1.2 % UP
1.5 % DOWN
24 % DOWN
32 % DOWN
3.2 SELLER’S
There were 457 condo homes for sale in Seattle in April, 8% above March but 24% lower vs April 2019. April’s condo closed sales decreased by 38% month- over-month and fell by 32% year-over-year. There was 3.2 months of inventory for condos in April, reflecting seller’s market conditions. The condo median sold price in April was $468,000, 3% below March and 1.5% lower vs April 2019. The average sold price was $526,303, 5% below last month; the average PSF sales price was $602, down 4% from last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 422 233 1.8
% Change
No. 603 213 2.8
% Change
HOMES FOR SALE
457 145 3.2
8%
-24% -32% 11% -1.5% 0.0% 1.2%
CLOSED SALES
-38% 74%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$468,000 $483,500 $526,303 $556,504
-3% $475,000 -5% $526,244
AVERAGE PRICE PSF
$602
$626
-4%
$595
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$475,000 $490,000
$448,000 $480,000 $470,000 $468,000
$425,000
694
655
640
603
457
349
332
241
234
211
213
194
181
145
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
7
3+ bdrms
BUYER'S MARKET
52
72
2 bdrms
179
66
<2 bdrms
. . . . 0 0 0 0
226
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 7
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