kingcounty
RESIDENTIAL-SEPTEMBER 202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein KingCountyin Septem ber,at3,810,was8% higherthan lastm onth and 115% higherthan lastyear. W ith 1,835 in Septem ber,residentialclosed saleswere10% lowerm onth-over-m onth,and 32% down year-over-year. Therewas2.1m onthsofinventoryfor residentialhom esin Septem ber,reflecting selers'm arketconditions. Them edian sold pricein Septem berwas $880,000,2.2% below August,and 7% above vsSeptem ber2,021. Theaveragesold price forresidentialhom es was$1,114,204,0% below lastm onth and 3% abouteven w ith lastyear.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 3% VS 2021
▲ 7% VS 2021
▲ 115% VS 2021
▼ 32% VS 2021
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
1,835 3,810
2,049 3,524
0% -2% 21% -10% 8%
2,711 1,769
218% -32% 115%
$1,114,204 $880,000 2.1
$1,115,443 $900,000 1.7
$1,078,701 $825,000 0.7
3% 7%
-
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.86 1.81
1.74
$935,000 $1,000,000
$900,000 $880,000
$825,000 $820,000 $785,000
3,865
3,810
3,422
3,524
2,711
2,666
2,568 2,503
2,405
2,381
2,209
1,935
2,275
1,871 2,049 1,835
1,1061,264
1,769
1,768
1,403
1,147
790 534 594
762
Sep.-21 Aug.-22 Sep.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
1000
5.2
4.7
800
600
400
2.2
2.1
2.1
2.1
2.0
1.4
200
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
396 285 1.4
917 447 2.1
750 365 2.1
742 380 2.0
418 191 2.2
181 86 2.1
151 32 4.7
255 49 5.2
M onthsofInv. Closed Sales H om esforSale
Copyright© 202 renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofOctober12,202 .Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online