king county
RES IDENT IAL - MARCH 2021
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
60 % DOWN
20 % UP
-
14 % UP
25 % UP
0.4 SELLER’S
There were 1,025 residential homes for sale in King County in March, 7% below last month and 60% lower vs March 2020. Residential closed sales rose 44% month- over-month, to 2,311, and were 25% higher year-over-year. There was 0.4 months of inventory for residen- tial homes in March, reflecting seller’s market conditions. The median sold price in March was $825,000, 9% above February and 14% higher vs last year. The average sold price for residential homes was $1.04M, 11% higher month-over-month and 20% above March of last year.
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
1,025 2,311
1,099 1,602
-7% 44% -35%
2,542 1,852
-60% 25% -68% 14% 20%
CLOSED SALES
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
0.4
0.7
1.37
$825,000 $758,250 $1,040,558 $935,671
9% $725,000 11% $870,522
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$825,000
$729,475 $750,000 $735,000 $733,475
$725,000
1.74
1.73
$679,950
1.65
2,899
2,886
2,756
2,542
2,426
2,311
2,781
2,629
1,466
1,852
1,655
1,756
1,156
1,025
Mar-20
Feb-21
Mar-21
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
. . . 0 0 0 0 0 MONTHS OF INV. CLOSED SALES HOMES FOR SALE SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2021 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 April 13, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 4
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