north seattle SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 40% VS 2023
▼ 3% VS 2023
▼ 1.0% VS 2023
▼ 21% VS 2023
There were 113 single-family home listings in North Seattle in June, 15% above May and 40% higher than June 2023. June single-family home sales decreased by 39% month-over-month, to 72, and were 21% below June 2023. The months of inventory for single-family home in North Seattle, at 1.6, re(ected a sellers' market. The single-family home median price in June was $1,040,000, a 12% decrease from May and 1.0% below June 2023. The average sold price was $1,230,790, 11% below last month and down 3% to June 2023.
THIS MONTH No. $1,230,790 $1,040,000 1.6 72 113
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
91 81
-3% -1% 76% -21% 40%
$1,388,408 $1,180,000 0.8 119 98
-11% -12% 91% -39% 15%
$1,263,427 $1,050,000 0.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
119
32
31
113
98
98
29
95
91
90
88
81
69
75
75
58
72
52
65
63
62
58
43
56
54
50
36
31
$1.29M
$1.17M $1.13M
$1.18M
$1.05M $1.02M $1.06M $1.09M $1.04M $1.01M
$1.04M
$980K
$915K
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
40
7.0
30
4.0
20
3.2
2.5
1.3
10
1.2
1.2
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
33 38 1.2
15 18 1.2
12 16 1.3
6 19 3.2
1 7 7.0
2 8 4.0
2 5 2.5
1 0 n/a
0 2 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. 36 ●
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