lake forest park SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 37 single-family home listings in Lake Forest Park in May, 68% above April and 23% higher than May 2023. May single-family home sales decreased by 15% month-over-month, to 22, and were 29% below May 2023. The months of inventory for single-family home in Lake Forest Park, at 1.7, reflected a sellers' market. The single-family home median price in May was $1,078,756, a 0.6% increase from April and 23% above May 2023.
MONTHS OF INVENTORY 1.7
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19%
▲ 23%
▲ 23%
▼ 29%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
22 37
31 30
19% 23% 74% -29% 23%
26 22
6% 0.6% 99% -15% 68%
TOTAL INVENTORY
TOTAL SALES
$1,072,607 $1,072,500 0.8
$1,132,360 $1,078,756 1.7
$955,198 $880,000 1.0
MONTHS OF INVENTORY
The average sold price was $1,132,360, 6% above last month and up 19% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
35
37
34
32
31
31
31
30
27
26
30
29
29
28
23
22
22
23
22
20
15
13
15
14
12
11
9
9
$1.08M
$1.07M $1.08M
$999K
$990K $1.00M
$960K
$910K
$880K
$875K
$863K
$850K
$830K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
6.0
15
10
2.6
5
1.0
0.8
0.5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
7 18 2.6
11 9 0.8
1 6 6.0
2 1 0.5
1 1 1.0
0 1 n/a
0 1 n/a
MOI INVENTORY SALES
Information and statistics derived from Northwest Multiple Listing Service. Copyright © June 10, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 10, 2024. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 34 ●
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