seatle
PREVIOUSLY-OW NED CONDO -JULY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▼ 15% VS 2022
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere438previouslyowned condo hom esforsalein Seatlein July,4% higher than Juneand 15% lowerthan July2022. July'spreviouslyowned condo closed sales were12% lowerm onth-over-m onth (to168), and weredown 21% year-over-year.
▲ 8% VS 2022
▲ 0.4% VS 2022
▼ 21% VS 2022
▼ 1.9% VS 2022
PREVIOUSYEAR
THISMONTH No.
PREVIOUSMONTH
213 518 -21% -15% No. % Change
Therewere2.6m onthsofinventoryin July, reflecting selers'm arketconditions.
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
168 438
191 421
0.5% 6% 1.7% 18% -12% 4%
Thepreviouslyowned condom edian sold pricein Julywas$484,000,1.7% aboveJune, and 0.4% abovevsJuly2022. Theaveragesold pricewas$614,217,6% abovelastm onth,theaveragePSF salesprice was$616,up 0.5% from lastm onth.
$616 $614,217 $484,000 2.6
$628 $570,833 $482,000 2.4
-1.9% 8% 0.4% 7%
$613 $578,281 $476,000 2.2
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$628
$616
$499,000 $510,000
$482,000 $470,000
$484,000
$450,500 $475,000
$540 $551
518
486
482
454
421
407
438
384
341
325
269 245 267
213
222 205
168
178 191
150
149 142
129
111
114
82
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
150
15
6.5
3+ bdrms
38
5.5
100
4.2 4.3
71
3.4
2 bdrms
3.2
200
50
1.9 2.1
82
<2 bdrms
0
200
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
M onthsofInv. Closed Sales H om esforSale
94 49 1.9
141 67 2.1
82 24 3.4
35 11 3.2
21 5 4.2
17 4 4.3
22 4 5.5
26 4 6.5
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