seatle
RESIDENTIAL-NOVEMBER202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Seatlein N ovem ber,at929,was19% lower than lastm onth and 160% higherthan last year. W ith 455 in N ovem ber,residentialclosed saleswere12% lowerm onth-over-m onth,and 45% down year-over-year. Therewas2.0m onthsofinventoryfor residentialhom esin N ovem ber,reflecting selers'm arketconditions. Them edian sold pricein N ovem berwas $890,000,2% below O ctober,and 8% abovevs N ovem ber2021. Theaveragesold pricewas$1,022,372,4% below lastm onth and 1.0% higherthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 1.0% VS 2021
▲ 8% VS 2021
▲ 160% VS 2021
▼ 45% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
455 929
$1,067,573 $910,000 2.2 517 1,141
-12% -19%
827 357
1.0% 8% 373% -45% 160%
$1,022,372 $890,000 2.0
-4% -2% -7%
$1,012,332 $825,000 0.4
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.87
1.77
1.67
$960,000 $995,500 $950,000
$890,955 $890,000
$825,000 $775,000
1,141
1,081
1,021 1,254
932
841
803
780
929
827
716
845
655
668
410 477
579
563
455
517
513
357
348
293
216 225
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
300
9.3
200
5.8
100
2.3
2.2
2.2
2.1
1.8
1.4
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
92 51 1.8
275 131 2.1
209 95 2.2
170 118 1.4
91 39 2.3
26 12 2.2
29 5 5.8
37 4 9.3
M onthsofInv. Closed Sales H om esforSale
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