king county TOWNHOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 10% VS 2023
▲ 48% VS 2023
▼ 20% VS 2023
There were 853 townhome listings in King County in June, 18% above May and 48% higher than June 2023. June townhome sales decreased by 31% month-over-month, to 326, and were 20% below June 2023. The months of inventory for townhomes in King County, at 2.6, re(ected a sellers' market. The townhome median price in June was $795,000, a 0.2% increase from May and 10% above June 2023. The average sold price was $837,485, 0.6% below last month; the average PSF sale price was $567, up 1.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 406 575
% Change
No. 475 724
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
326 853
8% 10% 10% 85% -20% 48%
1% -0.6% 0.2% 72% -31% 18%
$567 $837,485 $795,000 2.6
$526 $759,930 $725,000 1.4
$562 $842,613 $793,500 1.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
853
724
660
37
37
603
592
528
575
583
479
475
457
558
406
338
335
328
429
421
402
396
375
345
326
269
235
222
$794K
$795K
$785K
$761K
$770K
$740K
$739K
$725K
$725K
$730K
$720K
$721K
$700K
Jun-23
May-24
Jun-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
300
8.0
32
250
4+ bdrms
110
200
136
3 bdrms
150
346
3.5
3.5
3.1
2.8
2.8
100
2.1
2.1
136
2 bdrms
353
50
0
22
<2 bdrms
<$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 71 196 2.8 98 278 2.8 87 184 2.1 37 79 2.1 19 58 3.1 10 35 3.5 2 16 8.0 2 7 3.5
44
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. 5 ●
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