Seattle rennie review - May 2021

seattle

RES IDENT IAL  APRI L 

AVERAGE PRICE

AVERAGE PSF PRICE

MEDIAN PRICE

HOMES FOR SALE

CLOSED SALES

MONTHS OF INVENTORY

MARKET SUMMARY ›

22 % DOWN

14 % UP

-

8 % UP

84 % UP

0.7 SELLER’S

The number of residential homes for sale in Seattle in April, at 656, were 22% higher month-over- month but 22% lower year-over-year. With 964 in April, residential closed sales were 11% higher month-over-month and 84% higher year-over-year. There was 0.7 months of inventory for residential homes in April, reflecting seller’s market conditions. The median sold price in April was $860,000, 5% above March and 8% higher vs April 2020. The average sold price was $1.03M, 6% above last month and 14% higher vs April 2020.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 539 868 0.6

% Change

No. 838 523 1.6

% Change

HOMES FOR SALE

656 964 0.7

22% 11% 10%

-22% 84% -58%

CLOSED SALES

MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$860,000 $818,000 $1,029,046 $967,377

5% $800,000 6% $901,789

8%

14%

AVERAGE PRICE PSF

-

-

-

-

-

RATIO OF MEDIAN PRICES ›

HISTORICAL TREND ›

CLOSED SALES

HOMES FOR SALE

MEDIAN PRICE

$860,000

$800,000 $785,500 $815,000 $800,000 $776,750 $775,000

1.72

1.71

1.65

1,203

1,185

964

939

838

792

1,000

661

911

810

647

656

521

523

Apr-20

Mar-21

Apr-21

HOMES FOR SALE & CLOSED SALES BY PRICE RANGE ›

CLOSED SALES

HOMES FOR SALE

MONTHS OF INVENTORY

    

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET















 

. . . 0 0 0 0 0                        

MONTHS OF INV. CLOSED SALES HOMES FOR SALE

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. 6

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