belevue
RESIDENTIAL-MAY2023
AVERAGEPSF PRICE - VS 2022
HOMES FOR SALE ▼ 17% VS 2022
MONTHS OF INVENTORY 1.1 SELLERS' MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
CLOSED SALES
Thenum berofresidentialhom esforsalein Belevuein M ay,at104,was2% higherthan lastm onth and 17% lowerthan lastyear. W ith 94 in M ay,residentialclosed salesw ere 62% higherm onth-over-m onth,and down 24% year-over-year. Therewas1.1m onthsofinventoryfor residentialhom esin M ay,reflecting selers' m arketconditions. Them edian sold pricein M aywas$1,654,500, 17% below April,and 11% below vsM ay2022. Theaveragesold pricewas$1,803,573,18% below lastm onth,and 18% lowerthan last year.
▼ 11% VS 2022
▼ 18% VS 2022
▼ 24% VS 2022
PREVIOUSYEAR
PREVIOUSMONTH
THISMONTH No. $1,803,573 $1,654,500 1.1 94 104 -
123 125 -18% -11% 9% -24% 17% - No. % Change -
No. % Change
HOMESFORSALE CLOSED SALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$2,198,199 $1,990,000 1.8 58 102
-18% -17% -37% 62% 2%
$2,192,611 $1,850,000 1.0
- -
▶ RATIO OFMEDIAN PRICES
▶ HISTORICALTREND
● RESIDENTIAL-TO-CONDO
● CLOSED SALES ● HOMESFORSALE ● MEDIAN PRICE
2.77
2.65
2.51
$1,850,000
$1,836,000
$1,700,000 $1,650,000
$1,574,000
$1,510,000
$1,654,500
199
188
191
184
177
146
125
96 89 85
100
102
104
123
102
94
97 79
77 73
67 54 30 61 65 58
M ay-22 Apr-23 M ay-23
▶ HOMESFORSALE&CLOSEDSALESBYPRICERANGE
SEL ERS'MARKET <4
BALANCED 4-6
BUYERS'MARKET 6+
● CLOSED SALES ● HOMESFORSALE ● MONTHSOFINVENTORY
60 70
8.3
50
40
30
20
1.6
1.5
1.0
0.4
0 10
0.3
0.1
<$600K $600-799K $800-999K $1.0-1.49M $1.5-1.99M $2.0-2.49M $2.5-2.99M
$3M+
M onthsofInv. Closed Sales H om esforSale
1 1 1.0
1 7 0.1
11 28 0.4
9 31 0.3
13 8 1.6
19 13 1.5
50 6 8.3
0 0
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