seatle NEW CONSTRUCTION CONDO -JUNE2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 31% VS 2022
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere145 new construction condo hom esforsalein Seatlein June,17% higher than M ayand 31% higherthan June2022. June'snew construction condo closed sales were48% higherm onth-over-m onth (at59), and wereup 111% year-over-year. Therewere2.5m onthsofinventoryin June, reflecting selers'm arketconditions. Thenew construction condom edian sold price in Junewas$699,000,10% below M ay,and 18% below vsJune2022. Theaveragesold pricewas$864,135,1.9% abovelastm onth,theaveragePSF salesprice was$790,up 18% lastm onth
▼ 18% VS 2022
▼ 8% VS 2022
▲ 111% VS 2022
▼ 9% VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $790 $864,135 $699,000 2.5 59 145
No. % Change
-18% -38% 111% 31% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$671 $848,408 $778,500 3.1 40 124
18% 1.9% -10% -21% 48% 17%
$869 $937,236 $857,500 4.0 28 111
-9% -8%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$869
$790
$857,500
$712,475 $789,000
$566 $564
$699,950 $699,000
$660,000 $682,625
145
124
123
111
112
107
107
104
102
95
99 104
93
59
36
32
31 40
28
31 25
27
12 18
11
8
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
50
11.5
13
3+ bdrms
40
36
30
35
6.0
2 bdrms
74
20
4.0
10
2.2 1.8
11
2.0 1.6
<2 bdrms
35
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
28 14 2.0
46 28 1.6
23 2 11.5
13 6 2.2
9 5 1.8
12 2 6.0
8 2 4.0
M onthsofInv. Closed Sales H om esforSale
6 0
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