seatle
RESIDENTIAL-SEPTEMBER 202
AVERAGEPSF PRICE - VS 2021
HOMES FOR SALE
MONTHS OF INVENTORY 2.2 SELLERS' MARKET
▶ MARKETSUMMARY Thenum berofresidentialhom esforsalein Seatlein Septem ber,at1,243,was21% higherthan lastm onth and 72% higherthan lastyear. W ith 562 in Septem ber,residentialclosed saleswere16% lowerm onth-over-m onth,and 36% down year-over-year. Therewas2.2m onthsofinventoryfor residentialhom esin Septem ber,reflecting selers'm arketconditions. Them edian sold pricein Septem berwas $890,478,2% below August,and 7% abovevs Septem ber2021. Theaveragesold pricewas$1,105,042,4% abovelastm onth and 10% higherthan last year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 10% VS 2021
▲ 7% VS 2021
▲ 72% VS 2021
▼ 36% VS 2021
THISMONTH No. $1,105,042 $890,478 2.2 562 1,243 -
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$1,066,962 $910,000 1.5 668 1,027
4% -2% 44% -16% 21%
876 722
168% -36% 72%
$1,002,185 $829,000 0.8
10% 7%
- -
-
-
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.75 1.82
1.64
$960,000 $995,500 $950,000
$890,478
$829,000 $825,000
$775,000
1,243
1,080
1,027
920
924
876
841
827
803
780
716
845
722
655
562
642
668
410 477
566
497
357
336
288
225
216
Sep.-21 Aug.-22 Sep.-22
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
3.7
300
3.6
2.9
200
2.3
2.2
2.2
2.1
2.0
100
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
94 43 2.2
316 159 2.0
293 139 2.1
275 121 2.3
132 60 2.2
52 18 2.9
25 7 3.6
56 15 3.7
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.
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