CONDO - JUNE 2020 king county
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
20 % DOWN
26 % DOWN
1.2 % DOWN
0.7 % UP
0.7 % DOWN
2.3 SELLER’S
The number of condo homes for sale in King County, at 1,084, was up 6% month-over-month but fell 20% vs last year. June’s condo closed sales, at 466, were 31% above last month but 26% lower than last year. There was 2.3 months of inventory for condos in June, reflecting seller’s market conditions. The condo median sold price in June was $417,000, down 0.7% month-over-month and year-over-year. The average sold price was $500,897 with an average PSF sales price of $456 (down 1.5% and relatively unchanged, respectively, vs May).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
HOMES FOR SALE
1,084
1,025
6%
1,356
-20% -26%
CLOSED SALES
466 2.3
356 2.9
31% -19%
626 2.17
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7%
$417,000 $420,000 $500,897 $508,607
-0.7% $420,000 -1.5% $506,959 -0.4% $453
-0.7% -1.2% 0.7%
$456
$458
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$432,000 $430,000 $417,000
$420,000 $399,000
$383,475 $405,000
1,356
1,315
1,219
1,084
904
624
605
626
625
538
530
507
466
419
KING COUNTY
SEATTLE
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
98
BUYER'S MARKET
3+ bdrms
203
238
2 bdrms
497
130
. . . . 0 0 0 0
<2 bdrms
384
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
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. 5
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