kingcounty
RESIDENTIAL-NOVEMBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein KingCountyin N ovem ber,at2,775,was19% lowerthan lastm onth and 249% higherthan lastyear. W ith 1,323 in N ovem ber,residentialclosed saleswere16% lowerm onth-over-m onth,and 45% down year-over-year. Therewas2.1m onthsofinventoryfor residentialhom esin N ovem ber,reflecting selers'm arketconditions. Them edian sold pricein N ovem berwas $830,000,8% below O ctober,and 1.2% above vsN ovem ber2021. Theaveragesold price forresidentialhom es was$1,047,186,6.4% below lastm onth and 0.4% higherthan lastyear.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 0.4% VS 2021
▲ 1% VS 2021
▲ 249% VS 2021
▼ 45% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
1,323 2,775
1,567 3,433
-16% -19%
$1,051,405 $820,000 0.3 2,405 795 -
-0.4% 1.2% 535% -45% 249%
$1,047,186 $830,000 2.1
$1,118,320 $901,500 2.2
-6% -8% -4%
-
- -
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.85 1.81
1.76
$935,000 $1,000,000
$900,000 $880,000
$830,000
$820,000 $785,000
3,822
3,830
3,425
3,433
3,491
2,568 2,502
2,405
2,381
2,209
2,775
1,935
2,281
1,871 2,049 1,837
1,1061,264
1,786
1,567
1,323
1,165
795
772
539
599
N ov.-21 O ct.-22 N ov.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
6.6
600
5.0
400
3.3
2.6
2.4
2.0
200
1.8
1.3
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
343 266 1.3
700 355 2.0
506 211 2.4
499 283 1.8
295 114 2.6
127 39 3.3
126 19 6.6
179 36 5.0
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofDecem ber13,202 .Aldatafrom NorthwestMultipleListingService & Rennie.W hiletheinform ationand datacontained 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 ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online