seatle
PREVIOUSLY-OW NEDCONDO -AUGUST2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 0.7% VS 2022
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere457previouslyowned condo hom esforsalein Seatlein August,4% higher than Julyand 0.7% higherthan August2022. August'spreviouslyowned condo closed sales were0.6% lowerm onth-over-m onth (to169), and weredown 24% year-over-year.
▲ 12% VS 2022
▼ 1.0% VS 2022
▼ 24% VS 2022
▲ 5% VS 2022
PREVIOUSYEAR
THISMONTH No.
PREVIOUSMONTH
222 454 -24% 0.7% No. % Change
Therewere2.7m onthsofinventoryin A ugust,reflecting selers'm arketconditions.
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
169 457
170 438
5% 6% 1.7% 5% -0.6% 4%
Thepreviouslyowned condom edian sold pricein Augustwas$492,000,1.7% above July,and 1.0% below vsAugust2022. Theaveragesold pricewas$652,160,6% abovelastm onth,theaveragePSF salesprice was$648,up 5% from lastm onth.
$648 $652,160 $492,000 2.7
$617 $582,930 $497,000 2.0
5% 12% -1.0% 32%
$616 $613,455 $484,000 2.6
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$648
$617
$499,750
$492,000
$497,000 $480,000
$476,000
$462,000 $475,000
$571
$536
486
482
454
438
416
457
407
382
339
324
269 245 267
222 205
169
170
178 191
150
149 142
129
111
113
82
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
7
8.5
150
3+ bdrms
41
100
5.3
73
4.7
2 bdrms
203
3.4
50
2.7
2.7 2.6
2.0
89
<2 bdrms
0
213
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
M onthsofInv. Closed Sales H om esforSale
104 52 2.0
152 57 2.7
75 29 2.6
41 12 3.4
21 4 5.3
17 2 8.5
19 7 2.7
28 6 4.7
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