Your Local Market Report
Seattle, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Seattle, WA
Sun Jul 21 2019
This week the median list price for Seattle, WA is $768,500 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 1376.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $768,500 | |
| Per Square Foot | $421 | |
| Days on Market | 60 | |
| Price Decreased | 45% | |
| Price Increased | 1% | |
| Relisted | 11% | |
| Inventory | 1376 | |
| Median House Rent | $2,325 | |
| Most Expensive | $15,000,000 | |
| Least Expensive | $175,000 | |
| Market Action Index Strong Seller's Market | 54 |
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,750,000 | 3,425 | 6,500 - 8,000 sqft | 4 | 3 | 57 | 33 | 43 | 83 |
| $896,500 | 2,100 | 0 - 4,500 sqft | 3 | 2 | 60 | 34 | 63 | 49 |
| $675,000 | 1,760 | 4,500 - 6,500 sqft | 3 | 2 | 46 | 45 | 65 | 52 |
| $499,884 | 1,460 | 4,500 - 6,500 sqft | 3 | 1 | 64 | 49 | 76 | 57 |