king county
RES IDENT IAL - JUNE 2020
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
48 % DOWN
16 % DOWN
4 % UP
-
4 % UP
1.1 SELLER’S
There were 2,490 residential homes for sale in King County in June, 9% below last month and 48% lower vs June 2019. Residential closed sales rose by 36% month- over-month, to 2,246, but were 16% lower year-over-year. There were 1.1 months of inventory for residential homes in June, reflecting seller’s market conditions. The median sold price in June was $729,000, 7% above the previous month and a 4% increase vs last year. The average sold price for residential homes was $822,560, 12% higher month-over-month and 4% above June of last year.
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
2,490 2,246
2,726 1,651
-9% 36% -33%
4,774 2,671
-48% -16% -38%
CLOSED SALES
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
1.1
1.7
1.79
$729,000 $678,575 $882,560 $791,041
7% $699,950 12% $847,821
4% 4%
AVERAGE PRICE PSF
-
-
-
-
-
RATIO OF MEDIAN PRICES ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$699,950 $670,000 $670,000 $675,000 $680,000 $715,000 $729,000
1.75
4,774
1.67
1.62
4,349
3,689
2,716
2,490
1,942
1,927
2,671
2,519
2,278
2,246
1,841
1,605
1,430
Jun-19
May-20
Jun-20
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 © 2020 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 July 1, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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