seatle NEW CONSTRUCTION CONDO -NOVEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 26% VS 2021
MONTHS OF INVENTORY 11.8 BUYERS' MARKET
▶ MARKETSUMMARY Therewere118 new construction condo hom esforsalein Seatlein N ovem ber,7% lowerthan O ctoberand 26% higherthan N ovem ber2021. N ovem ber'snew construction condoclosed saleswere60% lowerm onth-over-m onth (at 10),and weredown 72% year-over-year. Therewere11.8m onthsofinventoryin N ovem ber,reflecting buyers'm arket conditions. Thenew construction condom edian sold price in N ovem berwas$645,750,18% below O ctober,and 0.3% abovevsN ovem ber2021. Theaveragesold pricewas$753,939,15% below lastm onth,theaveragePSF salesprice was$779,up 3% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 0.3% VS 2021
▼ 6% VS 2021
▼ 72% VS 2021
▼ 5% VS 2021
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No. $779 $753,939 $645,750 11.8 10 118
No. % Change
36 94 352% -72% 26% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$756 $885,773 $789,000 5.1 25 127
3% -15% -18% 132% -60% -7%
$816 $798,285 $643,500 2.6
-5% -6% 0.3%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$816
$792,650 $787,500
$779
$724,950
$705,000
$692,500
$645,750
$643,500
127
$518 $509
118
100
105
92 95 88
88 95
94
78 74 81
31
25
52
18
12
39
34 40
36 35 28
28
10
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
40
26.0
1
3+ bdrms
28
30
5
20
2 bdrms
55
7.3 7.6
10
4
2.0
<2 bdrms
35
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
22 3 7.3
38 5 7.6
26 1 26.0
2 1 2.0
M onthsofInv. Closed Sales H om esforSale
3 0
12 0
4 0
11 0
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