queen anne/magnolia SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 18% VS 2023
▲ 2% VS 2023
▼ 8% VS 2023
▼ 12% VS 2023
There were 67 single-family home listings in Queen Anne/Magnolia in June, 20% above May and 18% higher than June 2023. June single-family home sales decreased by 27% month-over-month, to 48, and were 2% above June 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 1.4, re(ected a sellers' market. The single-family home median price in June was $1,252,500, a 16% decrease from May and 12% below June 2023. The average sold price was $1,440,666, 14% below last month and down 8% 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
48 67
47 57
-8% -12% 15% 2% 18%
66 56
-14% -16% 65% -27% 20%
$1,440,666 $1,252,500 1.4
$1,684,432 $1,495,000 0.8
$1,570,279 $1,420,000 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
69
35
67
66
64
72
33
57
31
54
57
47
56
56
51
41
48
34
31
40
39
30
39
33
32
31
27
22
14
$1.70M
$1.56M $1.52M
$1.49M
$1.45M $1.55M
$1.42M
$1.41M $1.40M
$1.27M
$1.26M $1.35M
$1.25M
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
16
4.5
14
4.0
12
3.0
10
8
2.0
1.9
6
0.7
0.6
4
0.5
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
15 10 0.7
9 5 0.6
8 4 0.5
8 15 1.9
2 9 4.5
3 9 3.0
2 8 4.0
1 2 2.0
0 2 n/a
0 3 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. 39 ●
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