Seattle rennie review - May 2021

king county

RES IDENT IAL  APRI L 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

47 % DOWN

26 % UP

-

17 % UP

68 % UP

0.5 SELLER’S

There were 1,450 residential homes for sale in King County in April, 35% above last month but 47% lower vs April 2020. Residential closed sales rose 18% month- over-month, to 2,700, and were 68% higher year-over-year. There was 0.5 months of inventory for residential homes in April, reflecting seller’s market conditions. The median sold price in April was $835,000, 1.3% above March and 17% higher vs last year. The average sold price for residential homes was $1.05M, 0.5% higher month-over-month and 26% above April of last year.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

HOMES FOR SALE

1,450 2,700

1,075 2,280

35% 18% 14%

2,714 1,606

-47% 68% -68% 17% 26%

CLOSED SALES

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

0.5

0.5

1.69

$835,000 $823,998

1.3% $715,000

$1,045,861 $1,040,150 0.5% $831,308

AVERAGE PRICE PSF

-

-

-

-

-

RATIO OF MEDIAN PRICES ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

$835,000

$759,000

1.80

$715,000 $725,000 $747,000 $750,550 $739,475

1.74

1.66

3,008

2,805

2,714

2,700

2,662

2,346

2,779

1,607

2,416

2,400

1,606

1,450

1,220

1,100

Apr-20

Mar-21

Apr-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 May 11, 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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