PROPERTY PROFILE
Washington's Current Market Data Reports Seattle, WA 98115 REPORT FOR 8/12/2022 Single-Family Homes Presented by Chicago Title's Property Research Team 844-934-0072 propertyresearch@ctt.com www.UseChicagoTitle.com
Single-Family Homes Seattle, WA 98115 Real-Time Market Profile Median List Price $1,199,000 Median Price of New Listings $1,099,000 Per Square Foot $543 Average Days on Market 25 Median Days on Market 14 Price Decreased 39% Price Increased 2% Relisted 22% Inventory 46 Median Rent $3,675 Market Action 82 Strong Seller's Market Washington's Current Market Data Reports www.UseChicagoTitle.com This week the median list price for Seattle, WA 98115 is $1,199,000 with the market action index hovering around 82 This is less than last month's market action index of 89. Inventory has held steady at or around 46 Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory Buyer's Market Seller's Market 0 10 20 30 40 50 60 70 80 90 100 Tod a yLastMonth 82 Strong Seller's Market The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 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 $1,786,000 3,310 4,500 6,500 sqft 5 3.5 13 2 5 14 $1,375,000 2,480 4,500 6,500 sqft 4 2 5 73 1 2 14 $1,099,500 2,189 6,500 8,000 sqft 4 2.1 71 2 2 28 $827,000 1,635 0 4,500 sqft 3 1.8 78 3 5 14 2 of 6 Fri Aug 12 2022 Powered by Altos Research, Inc | www altos re | Copyright © 2022 Altos Research, Inc
Single-Family Homes Seattle, WA 98115 Washington's Current Market Data Reports www.UseChicagoTitle.com Median List Price Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels. 7-Day Average 90-Day Average Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 $750K$500K$1.0M$1.3M$1.5M$1.8M$2.0M$2.3M$2.5M Segments In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 $500K$1.0M$1.5M$2.0M$2.5M 3 of 6 Fri Aug 12 2022 Powered by Altos Research, Inc | www altos re | Copyright © 2022 Altos Research, Inc
Single-Family Homes Seattle, WA 98115 Washington's Current Market Data Reports www.UseChicagoTitle.com Price Per Square Foot 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. 7-Day Average 90-Day Average Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 $800$700$600$500$400 Inventory Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 7-Day Average 90-Day Average Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 1251007550250 4 of 6 Fri Aug 12 2022 Powered by Altos Research, Inc | www altos re | Copyright © 2022 Altos Research, Inc
The market has been cooling over MAI Action Segments surprisingly, all in are showing high
levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group. Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 120100806040 5 of 6 Fri Aug 12 2022 Powered by Altos Research, Inc | www altos re | Copyright © 2022 Altos Research, Inc
time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the
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segments
resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 7-Day Average 90-Day Average Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 1251000255075 Market
this zip code
Single-Family Homes Seattle, WA 98115 Washington's Current Market Data Reports www.UseChicagoTitle.com Market Action Index
Single-Family Homes Seattle, WA 98115 Washington's Current Market Data Reports www.UseChicagoTitle.com Median Days on Market (DOM) The properties have been on the market for an average of 13 days. Half of the listings have come newly on the market in the past 8 or so days. Watch the 90-day DOM trend for signals of a changing market. 7-Day Average 90-Day Average Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 100806040200 Segments It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Aug 2019 Dec 2019 Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 1251007550250 6 of 6 Fri Aug 12 2022 Powered by Altos Research, Inc | www altos re | Copyright © 2022 Altos Research, Inc
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