seatle
RESIDENTIAL-JUNE2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Seatlein June,at874,was15% higherthan lastm onth and 6% lowerthan lastyear. W ith 624 in June,residentialclosed salesw ere 4% lowerm onth-over-m onth,and 26% down year-over-year. Therewas1.4m onthsofinventoryfor residentialhom esin June,reflecting selers' m arketconditions.
▼ 4% VS 2022
▼ 5% VS 2022
▼ 6% VS 2022
▼ 26% VS 2022
PREVIOUSMONTH
THISMONTH No.
PREVIOUSYEAR
845 932 -4% -5% 27% -26% 6% - No. % Change -
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
624 874
648 761
5% 3% 19% -4% 15%
Them edian sold pricein Junewas$912,500, 3% aboveM ay,and 5% below vsJune2022.
$1,108,733 $912,500 1.4
$1,057,112 $890,000 1.2
$1,158,981 $965,000 1.1
Theaveragesold pricewas$1,108,733,5% abovelastm onth and 4% higherthan lastyear.
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.87
$965,000 $910,000
$912,500
1.62 1.66
$910,000 $875,000
$875,000
$819,975
1,236
1,110
1,077
1,015
932
915
874
717 761
681
660 600
845
568
655
648 624
668
563
517
514 541
456
418
391
286
Jun-22 M ay-23 Jun-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
250
5.3
200
150
3.4
100
1.6
1.5
1.3
1.2
0 50
1.2
1.1
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
77 61 1.3
224 152 1.5
194 156 1.2
159 150 1.1
86 55 1.6
30 26 1.2
41 12 3.4
63 12 5.3
M onthsofInv. Closed Sales H om esforSale
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