north seattle SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 99 single-family home listings in North Seattle in May, 74% above April and 43% higher than May 2023. May single-family home sales increased by 25% month-over-month, to 119, and were 21% above May 2023. The months of inventory for single-family home in North Seattle, at 0.8, reflected a sellers' market. The single-family home median price in May was $1,180,000, a 8% decrease from April and 18% above May 2023.
MONTHS OF INVENTORY 0.8
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16%
▲ 18%
▲ 43%
▲ 21%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
THIS MONTH No. $1,388,408 $1,180,000 0.8 119 99
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change 16% 18% 18% 21% 43%
% Change
98 69
95 57
1.7% -8% 39% 25% 74%
TOTAL INVENTORY
TOTAL SALES
$1,365,222 $1,285,000 0.6
$1,200,621 $1,002,500 0.7
MONTHS OF INVENTORY
The average sold price was $1,388,408, 1.7% above last month and up 16% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
31
119
29
99
98
28
95
91
98
90
88
69
81
69
75
75
58
52
65
63
62
58
43
57
54
50
36
31
$1.29M
$1.17M $1.13M
$1.18M
$1.05M $1.02M $1.06M $1.09M
$1.04M $1.01M
$1.00M
$980K
$915K
May-23
Apr-24
May-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
50
2.0
2.0
40
1.5
1.1
30
0.8
0.6
0.6
0.6
20
10
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+
49 39 0.8
17 11 0.6
19 12 0.6
17 18 1.1
7 4 0.6
6 9 1.5
2 4 2.0
1 0 n/a
1 2 2.0
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. 36 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online