lake forest park SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▼ 9% VS 2023
▼ 9% VS 2023
▼ 26% VS 2023
There were 36 single-family home listings in Lake Forest Park in June, 3% below May and 24% higher than June 2023. June single-family home sales increased by 14% month-over-month, to 25, and were 26% below June 2023. The months of inventory for single-family home in Lake Forest Park, at 1.4, re(ected a sellers' market. The single-family home median price in June was $988,000, a 8% decrease from May and 9% below June 2023. The average sold price was $1,014,788, 10% below last month and down 9% to June 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
25 36
34 29
-9% -9% 69% -26% 24%
22 37
-10% -8% -14% 14% -3%
$1,014,788 $988,000 1.4
$1,132,360 $1,078,756 1.7
$1,109,691 $1,080,000 0.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
36
36
37
32
34
31
32
27
31
26
30
29
29
23
25
22
23
22
22
20
15
13
15
14
12
11
9
9
$1.08M
$1.07M $1.08M
$999K
$990K $1.00M
$988K
$960K
$910K
$875K
$863K
$850K
$830K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
2.5
2.0
15
1.4
10
0.8
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
13 18 1.4
9 7 0.8
2 5 2.5
1 2 2.0
0 2 n/a
0 1 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. 34 ●
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