southeast seattle SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.0% VS 2023
▲ 26% VS 2023
▲ 9% VS 2023
▼ 1.9% VS 2023
There were 73 single-family home listings in Southeast Seattle in June, 11% above May and 26% higher than June 2023. June single-family home sales decreased by 31% month-over-month, to 36, and were 9% above June 2023. The months of inventory for single-family home in Southeast Seattle, at 2.0, re%ected a sellers' market. The single-family home median price in June was $908,750, a 3% decrease from May and 1.0% above June 2023. The average sold price was $1,058,054, 0.3% below last month and down 1.9% 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
36 73
33 58
-1.9% 1% 15% 9% 26%
52 66
-0.3% -3% 60% -31% 11%
$1,058,054 $908,750 2.0
$1,061,265 $935,000 1.3
$1,078,855 $900,000 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
36
73
73
66
66
33
64
58
52
49
49
46
27
37
44
34
32
40
28
36
34
24
33
30
29
27
24
18
$962K
$935K
$900K
$909K
$845K
$848K
$831K
$838K
$821K
$800K
$741K
$725K
$715K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
40
6.0
30
3.0
20
1.8
1.8
1.2
1.0
10
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
21 38 1.8
5 6 1.2
2 12 6.0
5 9 1.8
2 2 1.0
1 3 3.0
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. 48 ●
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