seatle
PREVIOUSLY-OW NED CONDO -SEPTEMBER202
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 8.2% VS 2021
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKETSUMMARY Therewere500previouslyowned condo hom esforsalein Seatlein Septem ber,6% higherthan Augustand 8% higherthan Septem ber2021. Septem ber'spreviouslyowned condoclosed saleswere8% lowerm onth-over-m onth (to 205),and weredown 27% year-over-year. Therewere2.4m onthsofinventoryin Septem ber,reflecting selers'm arket conditions. Thepreviouslyowned condom edian sold pricein Septem berwas$470,000,5% below August,and 1% below vsSeptem ber2021. Theaveragesold pricewas$578,990,1% below lastm onth,theaveragePSF salesprice was$625,up 1% from lastm onth
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 5% VS 2021
▼ 1.1% VS 2021
▼ 27% VS 2021
▲ 4% VS 2021
PREVIOUSYEAR
THISMONTH No.
PREVIOUSMONTH
282 462 4% 5% -1.1% 49% -27% 8% No. % Change
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
205 500
222 471
1.3% -0.7% -5% 15% -8% 6%
$625 $578,990 $470,000 2.4
$603 $550,024 $475,000 1.6
$617 $582,930 $497,000 2.1
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$625
$603
$485,500 $525,500
$482,000 $470,000
$475,000 $462,500 $451,000
$528 $550
528
471
462 436
473
500
336
313
256 297
221
217
304
282
176
257
205
263
234
252
221
213
222
198
162 175
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
12
13.5
3+ bdrms
44
150
83
100
2 bdrms
251
5.0
50
3.3
3.0
110
2.4
2.1
<2 bdrms
1.3
0
205
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
M onthsofInv. Closed Sales H om esforSale
88 66 1.3
173 82 2.1
103 31 3.3
33 14 2.4
12 4 3.0
27 2 13.5
30 6 5.0
33 0
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