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PREVIOUSLY-OW NEDCONDO -MAY2023
AVERAGEPSF PRICE
HOMES FOR SALE
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKETSUMMARY Therewere57previouslyowned condohom esfor salein Seatlein M ay,6% higherthan Apriland 10% higherthan M ay2022. M ay'spreviouslyowned condoclosed saleswere 21% higherm onth-over-m onth (to46),and were down 21% year-over-year.
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
▼ 7% VS 2022
▲ 0% VS 2022
▲ 10% VS 2022
▼ 21% VS 2022
▼ 11.3% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
Therewere1.2m onthsofinventoryin M ay, reflecting selers'm arketconditions.
No. % Change
58 52 -11% -7% 0.4% 38% -21% 10% No. % Change
46 57
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
38 54
-12% -15% -12% -13% 21% 6%
Thepreviouslyowned condom edian sold pricein M aywas$659,500,12% below April,and 0.4% abovevsM ay2022. Theaveragesold pricewas$699,820,15% below lastm onth,theaveragePSF salespricewas$587, down 12% from lastm onth
$587 $699,820 $659,500 1.2
$668 $820,572 $750,000 1.4
$662 $750,589 $657,000 0.9
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$662
$775,000
$587 $593
$737,500
$536
$672,000
$657,000
$535,844
$659,500
$602,500
106
98
91
88
77
68
58
54
53
49 44 44
57
53
52
50 44
46
39
38 38
30
27 23 18 29
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
5.0
8
15
3+ bdrms
13
10
3.0
28
2 bdrms
32
5
1.2
1.0 1.0
10
0.8
0.7
<2 bdrms
0
12
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
4 5 0.8
16 13 1.2
9 13 0.7
10 10 1.0
3 3 1.0
3 1 3.0
5 1 5.0
M onthsofInv. Closed Sales H om esforSale
7 0
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