seatle
RESIDENTIAL-MAY2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Seatlein M ay,at772,was3% higherthan last m onth and 32% higherthan lastyear. W ith 649 in M ay,residentialclosed salesw ere 20% higherm onth-over-m onth,and 23% dow n year-over-year. Therewas1.2m onthsofinventoryfor residentialhom esin M ay,reflecting selers' m arketconditions. Them edian sold pricein M aywas$885,000, 1.1% aboveApril,and 11% below vsM ay 2022. Theaveragesold pricewas$1,056,240,1.0% below lastm onth and 11% higherthan last year.
▼ 11% VS 2022
▼ 11% VS 2022
▲ 32% VS 2022
▼ 23% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. % Change
841 585 -11% -11% 71% -23% 32% - No. % Change -
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
649 772
541 749
-1.0% 1.1% -14% 20% 3%
$1,056,240 $885,000 1.2
$1,066,740 $875,000 1.4
$1,185,893 $995,500 0.7
-
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
1.81
1.67 1.61
$995,500 $950,000
$890,000 $889,500
$885,000
$850,000
$800,000
1,239
1,113
1,082
1,018
937
917
841
749
692
772 649
660 602
845
571
655
668
585
563
517
514 541
456
418
391
286
M ay-22 Apr-23 M ay-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
200
9.1
150
100
3.8
50
1.4
1.4
1.2
1.1
1.1
0.8
0
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
77 57 1.4
200 184 1.1
172 152 1.1
130 165 0.8
65 55 1.2
26 19 1.4
38 10 3.8
64 7 9.1
M onthsofInv. Closed Sales H om esforSale
Copyright© 2023renniegroup ofcom panies.Alrightsreserved.Thism aterialm aynotbereproduced ordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroup ofcom panies.CurentasofJune20,2023.Aldatafrom NorthwestMultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsasthe recipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontained withinthisreportshould notbeused asanopinionofvalue,suchopinionsshould and canbeobtained from arennieand as ociatesadvisor.Alinform ation issubjecttochangeand anypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroup ofcom panies.E.&O.E.
●
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online