kingcounty CONDO -JULY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▼ 13% VS 2022
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKETSUMMARY Therewere940 new construction condo hom esforsalein KingCountyin July,6% higherthan Juneand 13% lowerthan July 2022. July'snew construction condo closed sales were15% lowerm onth-over-m onth (at476), and weredown 14% year-over-year. Therewere2.0m onthsofinventoryin July, reflecting selers'm arketconditions. Thenew construction condom edian sold price in Julywas$511,000,3% below June,and 5% abovevsJuly2022. Theaveragesold pricewas$636,626,3% abovelastm onth,theaveragePSF salesprice was$551,down 2% from lastm onth.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▲ 5% VS 2022
▲ 10% VS 2022
▼ 14% VS 2022
- VS 2022
PREVIOUSMONTH
PREVIOUSYEAR
THISMONTH No.
No. % Change
1.0% -14% -13% No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
476 940
557 888
-2% 3% -3% 24% -15% 6%
$540 $581,137 $486,000 2.0 554 1,083
$551 $636,626 $511,000 2.0
$563 $619,576 $525,500 1.6
2% 10% 5%
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$636 $638
$499,950 $513,500 $511,000
$486,000 $485,000
$459,000 $450,000
$551
$540
1,083 1,022 1,078 1,075
915
888
940
800
741
713
662
622 592
554
567 531
557
501
450
431
421
476
347 322
360
223
KING COUNTY SEAT LE
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
5.4
250
100
3+ bdrms
4.7
192
200
4.3
3.2
150
252
2 bdrms
2.5
444
100
2.0
1.4 1.5
50
124
<2 bdrms
304
0
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
183 130 1.4
249 164 1.5
194 95 2.0
106 33 3.2
55 22 2.5
47 11 4.3
52 11 4.7
54 10 5.4
M onthsofInv. Closed Sales H om esforSale
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