seatle
PREVIOUSLY-OW NEDCONDO -MAY2023
AVERAGEPSF PRICE
HOMES FOR SALE ▲ 15% VS 2022
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Therewere382previouslyowned condo hom esforsalein Seatlein M ay,10% higher than Apriland 15% higherthan M ay2022. M ay'spreviouslyowned condo closed sales were25% higherm onth-over-m onth (to178), and weredown 41% year-over-year.
▲ 5.3% VS 2022
▼ 3% VS 2022
▼ 41% VS 2022
▼ 7% VS 2022
PREVIOUSYEAR
THISMONTH No.
PREVIOUSMONTH
304 333 -7% 5% -3% 96% -41% 15% No. % Change
Therewere2.1m onthsofinventoryin M ay, reflecting selers'm arketconditions.
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
178 382
142 348
2% 16% 2% -12% 25% 10%
Thepreviouslyowned condom edian sold pricein M aywas$510,000,2% aboveApril, and 3% below vsM ay2022. Theaveragesold pricewas$644,086,16% abovelastm onth,theaveragePSF salesprice was$613,up 2% from lastm onth
$613 $644,086 $510,000 2.1
$656 $611,778 $525,500 1.1
$601 $552,994 $499,750 2.5
▶ AVERAGEPERSQUAREFOOTPRICE
▶ HISTORICALTREND
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
$656
$525,500
$499,000 $510,000
$613
$482,000 $470,000
$593
$450,500 $475,000
$536
518
487
483
454
467
408
348
333
382
331
270 246 268
304
263
178
213
222 205
150
149 142
129
111
114
82
SEAT LE KING COUNTY
▶ NUMBEROFBEDROOMS
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
● CLOSED SALES ● HOMESFORSALE
120
17
9.3
3+ bdrms
100
35
80
6.3
87
60
2 bdrms
179
40
3.0
2.4
2.2
2.1
0 20
74
1.6
1.5
<2 bdrms
168
<$400K $400-599K $600-799K $800-999K $1.0-1.249M $1.25-1.49M $1.5-1.99M $2M +
M onthsofInv. Closed Sales H om esforSale
84 39 2.2
108 71 1.5
76 36 2.1
33 11 3.0
17 7 2.4
11 7 1.6
28 3 9.3
25 4 6.3
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