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Seattle Market Update—Reviewing June 2019

Summer is beautiful in the PNW! We at Russell Jones hope you have been out enjoying it. We had a magnificent Pride festival and have Seafair almost upon us!

Let’s take a look at what happened in Seattle’s June real estate market. Up first—residential:

SEATTLE: RESIDENTIAL

June 2018 June 2019 Change
Active Listings 911 1,518 +66.7%
Pending Listings 777 869 +11.8%
Sold Listings 773 788 +1.9%
Median Sales Price $785,000 $750,000 -4.5%
List/Sales Price Ratio 104.7% 100.8% -3.7%
Price Per Square Foot $463 $452 -2.4%
Months of Inventory 1.2 1.9 +58.3%

Information derived from NWMLS

Now let’s take a look at condos:

SEATTLE: CONDOS

June 2018 June 2019 Change
Active Listings 370 718 +94.1%
Pending Listings 279 246 -11.8%
Sold Listings 283 239 -15.6%
Median Sales Price $520,000 $494,990 -4.8%
List/Sales Price Ratio 102.5% 99.1% -3.3%
Price Per Square Foot $647 $618 -4.5%
Months of Inventory 1.3 3 +130.8%

Information derived from NWMLS

 

There is still some time left to make a move and be enjoying the end of your summer on a new deck or around a new firepit. If a move is in your future, Russell Jones would love to be your partner.