kingcounty
RESIDENTIAL-JUNE2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein KingCountyin June,at2,287,was11% higher than lastm onth and 33% lowerthan lastyear. W ith 1,823 in June,residentialclosed sales were5% higherm onth-over-m onth,and 27% dow n year-over-year. Therewas1.3m onthsofinventoryfor residentialhom esin June,reflecting selers' m arketconditions. Them edian sold pricein Junewas$935,000, 2% aboveM ay,and 1.1% abovevsJune2022. Theaveragesold price forresidentialhom es was$1,171,191,3% abovelastm onth and 0% abouteven w ith lastyear.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
- VS 2022
▲ 1.1% VS 2022
▼ 33% VS 2022
▼ 27% VS 2022
PREVIOUSMONTH
THISMONTH No.
PREVIOUSYEAR
2,502 3,438 0% 1.1% -9% -27% 33% - No. % Change -
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
1,823 2,287
1,740 2,062
3% 2% 6% 5% 10.9%
$1,171,191 $935,000 1.3
$1,132,278 $914,950 1.2
$1,170,728 $925,000 1.4
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.83 1.78 1.77
$925,000 $900,000 $901,500
$935,000
$820,000 $805,000
$875,000
3,825
3,769
3,438 3,486
3,352
2,735
2,062 2,287
2,008
1,917
1,846
1,732 1,556
2,502
1,871 2,050 1,838
1,496 1,740 1,823 1,458
1,571
1,338 1,110
1,133
793
Jun-22 M ay-23 Jun-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
500
4.9
400
300
2.7
200
1.6
1.2
1.2
1.1
100
1.0
0.8
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
205 243 0.8
471 422 1.1
399 334 1.2
437 423 1.0
270 217 1.2
149 94 1.6
103 38 2.7
253 52 4.9
M onthsofInv. Closed Sales H om esforSale
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly18,2023.Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationanddatacontained 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 ationcontainedwithinthisreportshould notbeused asanopinionofvalue,suchopinionsshouldandcanbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online