belevue
RESIDENTIAL-JUNE2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE ▼ 28% VS 2022
MONTHS OF INVENTORY 1.5 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Belevuein June,at128,was15% higherthan lastm onth and 28% lowerthan lastyear. W ith 83 in June,residentialclosed salesw ere 12% lowerm onth-over-m onth,and down 19% year-over-year. Therewas1.5m onthsofinventoryfor residentialhom esin June,reflecting selers' m arketconditions. Them edian sold pricein Junewas$1,750,000, 6% aboveM ay,and 6% below vsJune2022. Theaveragesold pricewas$1,959,999,9% abovelastm onth,and 15% lowerthan last year.
▼ 6% VS 2022
▼ 15% VS 2022
▼ 19% VS 2022
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $1,959,999 $1,750,000 1.5 83 128 -
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
102 177
-15% -6% -11% -19% 28%
$1,803,573 $1,654,500 1.2 94 111
9% 6% 31% -12% 15%
$2,316,454 $1,870,230 1.7
-
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.54 2.51 2.49
$1,990,000
$1,870,230
$1,750,000
$1,600,000
$1,500,000
$1,480,000 $1,422,500
199
188
191
184
177
146
128
96 89 85
100
102 111
102
94
97 79
83
77 73
67 54 30 61 65 58
Jun-22 M ay-23 Jun-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
9.5
50
40
30
20
1.7
1.0
0 10
0.9
0.6
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
M onthsofInv. Closed Sales H om esforSale
18 20 0.9
20 31 0.6
19 19 1.0
12 7 1.7
57 6 9.5
0 0
0 0
2 0
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