king county
CONDO NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
MEDIAN PRICE
HOMES FOR SALE 37 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
23 % UP
7 % UP
39 % UP
1.8 SELLER’S
The number of condo homes for sale in King County, at 1,276, was down 21% month-over-month but 37% above last year. November’s condo closed sales, at 690, were 14% below last month but 39% higher than last year. There was 1.8 months of inventory for condos in November, reflecting seller’s market conditions. The condo median sold price in November was $450,000, unchanged month-over-month and 7% higher year-over-year. The average sold price was $611,362 with an average PSF sales price of $490 (both down 5%, respectively, vs October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 929 495 1.88
% Change
HOMES FOR SALE
1,276
1,608
-21% -14%
37% 39%
CLOSED SALES
690 1.8
806 2.0
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-7%
-1.5%
$450,000 $450,000 $611,362 $646,038
0.0% $422,500 -5% $497,108
7%
23%
$490
$515
-5%
$449
9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$422,500 $410,000 $439,225 $420,000 $429,375 $446,000 $450,000
1,633
1,276
1,321
1,021
929
812
595
736
670
690
614
495
366
357
KING COUNTY
SEATTLE
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
170
3+ bdrms
142
SELLER'S MARKET
356
2 bdrms
BALANCED
617
BUYER'S MARKET
164
. . . . 0 0 0 0
<2 bdrms
517
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2020 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 December 10, 2020. All data from Northwest Multiple Listing Serivce & Rennie. 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. 5
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