belltown/downtown seattle CONDO - JUNE 2 0 2 4
MONTHS OF INVENTORY 6.6 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 11% VS 2023
▲ 43% VS 2023
▼ 32% VS 2023
There were 236 condo listings in Belltown/Downtown Seattle in June, 8% above May and 43% higher than June 2023. June condo sales decreased by 23% month-over-month, to 36, and were 32% below June 2023. The months of inventory for condos in Belltown/Downtown Seattle, at 6.6, re'ected a buyers' market. The condo median price in June was $644,500, a 2% decrease from May and 11% above June 2023. The average sold price was $806,822, 10% below last month; the average PSF sale price was $784, down 3% to last month.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$784 $806,822 $644,500 6.6 36 236
$888 $785,293 $582,500 3.1 53 165
-12% 3% 11% 111% -32% 43%
$805 $896,550 $660,000 4.7 47 219
-3% -10% -2% 41% -23% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
50
236
219
180
175
171
43
183
165
145
141
162
159
116
108
51
47
53
39
29
27
22
36
18
38
35
33
30
$905K
$787K
$719K
$703K
$660K
$645K
$643K
$625K
$599K
$588K
$583K
$573K
$550K
Jun-23
May-24
Jun-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
100
18.0
17.0
4+ bdrms
80
2
60
1
3 bdrms
14
7.0
6.8
40
6.0
5.2
5.2
5.0
11
2 bdrms
20
88
0
24
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 1 18 18.0 1 6 6.0 1 17 17.0 14 95 6.8 10 52 5.2 6 31 5.2 2 10 5.0 1 7 7.0
132
Information and statistics derived from Northwest Multiple Listing Service. Copyright © July 8, 2024 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 8, 2024. 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. 15 ●
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