king county
RES IDENT IAL FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
49 % DOWN
12 % UP
-
10 % UP
11 % UP
0.6 SELLER’S
There were 1,010 residential homes for sale in King County in February, 12% below last month and 49% lower vs February 2020. Residential closed sales rose 9% month-over-month, to 1,602, and were 11% higher year-over-year. There was 0.6 months of inventory for residen- tial homes in February, reflecting seller’s market conditions. The median sold price in February was $750,000, 2% above January and 10% higher vs last year. The average sold price for residential homes was $931,179, 2% higher month-over-month and 12% above February of last year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
1,010 1,602
1,144 1,465
-12%
1,972 1,437
-49% 11% -54% 10% 12%
CLOSED SALES
9%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
0.6
0.8
-19%
1.37
$750,000 $732,000 $931,179 $911,531
2% $680,000 2% $833,052
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$725,000 $746,500 $750,550 $739,475 $750,000
$680,000 $714,975
1.79
1.71
1.57
3,008
2,816
2,713
2,665
2,342
1,972
2,778
1,602
2,439
2,400
1,606
1,437
1,237
1,010
Feb-20
Jan-21
Feb-21
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 March 4, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 4
Made with FlippingBook - professional solution for displaying marketing and sales documents online