seatle
RESIDENTIAL-AUGUST2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Seatlein August,at829,was4% lowerthan lastm onth and 19% lowerthan lastyear. W ith 528 in A ugust,residentialclosed sales were1.7% higherm onth-over-m onth,and 21% down year-over-year. Therewas1.6m onthsofinventoryfor residentialhom esin A ugust,reflecting selers' m arketconditions. Them edian sold pricein Augustwas $881,000,0.6% below July,and 3% below vs August2022. Theaveragesold pricewas$1,066,166,0.4% abovelastm onth and 0.1% abouteven with lastyear.
▼ 0.1% VS 2022
▼ 3% VS 2022
▼ 19% VS 2022
▼ 21% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
-0.1% -3% 3% -21% 19% - No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
528 829
519 866
0.4% -0.6% -6% 1.7% -4%
$1,066,962 $910,000 1.5 668 1,018 -
$1,066,166 $881,000 1.6
$1,062,061 $886,500 1.7
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.75 1.71
1.59
$875,000
$910,000 $910,000 $875,000
$912,500
$881,000
$819,950
1,238
1,108
1,018
914
866
862
829
709 744
676
659 599
567
646 624
668
563
519
528
517
513 541
456
417
390
286
Aug-22 Jul-23 Aug-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
9.7
200
150
100
3.1
50
2.1
1.8
1.7
1.4
1.3
1.3
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
91 44 2.1
208 157 1.3
168 123 1.4
157 125 1.3
72 39 1.8
35 21 1.7
40 13 3.1
58 6 9.7
M onthsofInv. Closed Sales H om esforSale
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofAugust2 ,2023.Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online