southeast seattle SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 66 single-family home listings in Southeast Seattle in May, 43% above April and 22% higher than May 2023. May single-family home sales increased by 30% month-over-month, to 52, and were 30% above May 2023.
MONTHS OF INVENTORY 1.3
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 6%
▲ 6%
▲ 22%
▲ 30%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for single-family home in Southeast Seattle, at 1.3, reflected a sellers' market.
52 66
40 54
-6% 6% -6% 30% 22%
40 46
-14% -3% 10% 30% 43%
TOTAL INVENTORY
The single-family home median price in May was $935,000, a 3% decrease from April and 6% above May 2023.
TOTAL SALES
$1,229,099 $962,000 1.2
$1,061,265 $935,000 1.3
$1,124,611 $880,500 1.4
MONTHS OF INVENTORY
The average sold price was $1,061,265, 14% below last month and down 6% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
78
73
32
66
66
64
52
54
49
49
58
27
46
37
40
44
34
32
40
28
34
24
33
30
29
27
24
18
$962K
$935K
$900K
$881K
$845K
$848K
$831K
$838K
$821K
$800K
$741K
$725K
$715K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
40
3.0
3.0
30
1.6
1.3
20
0.9
0.6
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+
30 38 1.3
7 4 0.6
8 7 0.9
5 8 1.6
1 3 3.0
1 3 3.0
0 2 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. 48 ●
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