kent SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 9% VS 2023
▲ 21% VS 2023
▲ 1.0% VS 2023
There were 119 single-family home listings in Kent in June, 31% above May and 21% higher than June 2023. June single-family home sales increased by 9% month-over-month, to 97, and were 1.0% above June 2023. The months of inventory for single-family home in Kent, at 1.2, re$ected a sellers' market. The single-family home median price in June was $730,500, a 4% decrease from May and 9% above June 2023. The average sold price was $741,999, 6% below last month and up 7% to June 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$741,999 $730,500 1.2 97 119
96 98
7% 9% 20% 1% 21%
89 91
-6% -4% 20% 9% 31%
$790,415 $760,000 1.0
$696,632 $672,500 1.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
119
37
119
110
36
109
35
98
96
91
98
97
82
95
75
89
73
65
63
62
76
75
66
51
65
57
54
53
47
$760K
$731K
$727K
$712K
$707K
$700K
$700K
$690K
$673K
$668K
$664K
$670K
$660K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
9.0
40
30
20
10
1.3
1.2
1.0
0.8
0
<$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
18 15 0.8
45 43 1.0
27 33 1.2
6 8 1.3
1 9 9.0
0 7 n/a
0 3 n/a
0 1 n/a
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. 28 ●
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