January 2022 Seattle

January, 2022 MTD

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

Active, Pending, & Months Supply of Inventory

Active Listings at End of Month Pending Sales MTD

800 700

699 6351.3

600 500

494

644

1.2

1.2

482

514

493

1.0

0.9

400

565

557

525

1.4 mo.

Months Supply713 of Inventory (Act. Listings EoM / Pend. Sales MTD) 1.2 mo.

354

0.8

0.6 mo.

0.7

287

0.4 mo.

178

200

0.4

100 0 01/14

01/15

01/16

01/17

01/18

01/19

01/20

01/21

01/22

Median Closed Sales Price forCurrent CurrentMonth Month Closings Median Closed Sales Price For Sold Properties

20 900 K 800 K

$757,000

700 K

$618,450

600 K

$711,500

$791,471

$790,000

$719,950

$635,800

$517,500

500 K

$459,950 $395,900

300 K 200 K 100 K

0.2 mo.

0.0 mo.

01/13

400 K

1.0 mo.

0.8 mo.

0.9

411

300

503

467

417 424 0.7

548

13%

16%

13%

20%

3%

(Multiple Items) 0Year Rank Current Year Month Yes Year Month 01/13 01/14 Parell 01/15 01/16 Match?

01/17

19%

-6%

1%

10%

0%

01/18

01/19

01/20

01/21

01/22

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY PERCENTAGE OF LISTINGS SOLD ABOVE, AT, BELOW LIST PRICE AND WITH A PRICE CHANGE

36%

28%

-Jan2021 17% 19%

SAME MONTH LAST YEAR

21%

25%

13%

-Dec2021

38% 14%

-Jan2022

35%

24%

30%

LAST MONTH

CURRENT MONTH

SOLD

SOLD

SOLD

PRICE

ABOVE

AT

BELOW

CHANGE

LIST PRICE

LIST PRICE

LIST PRICE

BEFORE SALE

8

13

36

60

IN MONTH

139

118

56

83

MEDIAN DIFFERENCE FROM LIST PRICE

7%

0%

-2%

N/A

JANUARY 2022 AVERAGE DAYS ON MARKET NUMBER OF SALES

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

Sales Price to List Price based on Market Time Market Time

Median SP to

(DOM)

Original LP %

< 15

100.2%

15 - 30

Median SP Total Units

% of Total

100.1%

242

61.1%

98.0%

100.0%

49

12.4%

31 - 60

97.2%

100.0%

64

16.2%

61 - 90

97.9%

99.4%

19

4.8%

90+

93.1%

98.0%

22

5.6%

396

100.0%

Median

Rate

P&I

Price

30-Year-Fixed

Principal & Interest

January, 2022

$790,000

3.45%

$3,525

January, 2021

$791,471

2.74%

$3,227

-$1,471

0.71%

to Last LP %

Totals

The Cost of Waiting a Year

$299

Per Month

$3,582 Per Year

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

MARKET UPDATE January, 2022

Monthly Payments Compared to Inflation Trendline King County Monthly Payments (principal + interest) based on average price and interest rate

$3,536

$1,200,000

$1,000,000

$2,978

$2,747

$2,642

$2,357

$2,136

$2,020

$2,459

$2,398

$3,509

$2,695

$2,302

$2,151

$2,078

$2,312

$1,995

$1,714

$1,626

$1,518

$1,485

$1,477

$1,389

$1,271

$1,587

$1,466

$1,275

116%

$2,144

120%

$3,172

$3,244

Seattle (MSA) Consumer Price Index: all items, all urban consumers

$4,508

$4,127

151%

$3,864

140%

$3,555

King County Annual Average Residential Closed Sales Price (with interest rate in bars)

$4,509

137%

$800,000

$3,289 $600,000

$400,000

$200,000 3.5%

3.1%

2.7%

3.9%

4.5%

4.0%

3.7%

3.9%

4.0%

4.2%

4.5%

3.7%

4.7%

5.0%

6.0%

6.3%

6.4%

5.9%

5.8%

5.8%

6.5%

7.0%

8.1%

7.4%

6.9%

7.8%

7.6%

8.4%

7.9%

8.4%

7.3%

9.3%

10.3%

10.1%

$1,275 $0

A

Average Residential Closed Sales Price and average interest rate (percentage is on the bottom of blue bars.

Two Factors for Payment

B

Monthly payment based on purchase price and interest rate

Purchaser’s Buy Payment

C

Inflation trend line based on Seattle MSA CPI

Payments tend to rise above the inflation line and then return to it

D

Monthly payments divided by inflation trendline

Cycle peaks and current year are shown

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

January MTD

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

What Are The Odds of Selling?

Closed Sales as a Percentage of Listings Taken

12,000 10,000 8,000

89% 9,172 80%

80% 7,741

82% 9,023

7,367

88% 9,069

8,662

9,967

78% 7,961

91%

9,671

9,653

9,067 7,955

7,685

7,354

88%

100%

10,958

10,939

71%

90% 80%

78% 8,522

70%

7,552

6,833

60%

6,198

6,000

50% 40%

4,000

30% 20%

2,000

10% 0

0% 01/13

01/14

01/15

01/16

New Listings (Trailing 12 Mo.)

01/17

01/18

01/19

01/20

Closed Sales (Trailing 12 Mo.)

01/21

01/22

Closed Vs. New Listings

Percentage of Pending Sales that do not Close 12,000

25% 10,621

10,000 8,000

9,967

9,836

21% 8,957

18%

7,887

7,367

8,995

8,785

8,739 7,354

7,685

8,756

8,628 7,955

7,961

16%

7,552 6,833

6,198

6,000

7,868

20%

8,522

13%

13%

14%

15% 13%

12%

10%

4,000

8% 6%

2,000 0

5%

0% 01/13

01/14

01/15

Pending Sales (Trailing 12 Mo.)

01/16

01/17

01/18

01/19

Closed Sales (Trailing 12 Mo.)

01/20

01/21

01/22

Closed Vs. Pending Listings

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

MARKET UPDATE January, 2022

Months Supply

of

Inventory • CURRENT MONTH • KING & SNOHOMISH COUNTY

• RESIDENTIAL ONLY

0-2

2-4

4+

SELLER'S ADVANTAGE

BALANCED ADVANTAGE

BUYER'S ADVANTAGE

2 YEARS AGO

Area

Months Inventory 2020

2021

2022

100

0.7

0.5

0.2

110

0.6

0.3

120

0.5

130

Area

Months Inventory 2020

2021

2022

530

0.5

0.5

0.3

0.3

540

0.9

0.3

0.2

0.2

0.4

550

1.0

0.5

0.5

0.7

0.6

0.5

560

1.7

0.7

0.3

140

0.8

0.6

0.4

600

0.9

0.5

0.3

300

0.7

0.4

0.7

610

0.6

0.5

0.3

310

0.7

0.5

0.3

700

0.9

0.9

0.4

320

0.9

0.4

0.4

701

0.0

0.0

0.0

330

0.9

0.3

0.3

705

0.7

0.7

0.2

340

0.6

0.2

0.3

710

0.7

0.6

0.3

350

0.8

0.3

0.2

715

0.6

0.4

0.5

360

0.6

0.3

0.3

720

0.4

0.5

0.6

380

1.5

0.9

0.5

730

0.6

0.3

0.2

385

0.7

0.8

0.3

740

0.8

0.3

0.2

390

1.4

1.2

0.6

750

0.9

0.3

0.3

500

0.9

0.4

0.2

760

0.9

0.5

0.4

510

1.6

0.8

0.3

770

0.9

0.4

0.3

520

1.6

2.0

1.0

800

1.7

0.4

1.0

1 YEAR AGO

CURRENT YEAR

Created by Windermere Real Estate/East Inc. using NWMLS data. Months Supply of Inventory is active inventory on the last day of the month divided by the number of properties that went pending, signed agreement between buyers and sellers, during the month.

MARKET UPDATE January, 2022

Seattle (All Areas) Statistics To Know Residential January, 2022

January, 2021

Difference

% Change

Months Supply of Inventory

0.4

0.8

-0.4

-54%

Active Listings at End of Month

178

548

-370

-68%

Pending Sales MTD

503

713

-210

-29%

10,621

9,836

785

8%

396

544

-148

-27%

9,967

8,522

1,445

17%

$790,000

$791,471

-$1,471

0%

3.5%

2.7%

0.7%

26%

$3,525

$3,227

$299

9%

Pending Sales (Trailing 12 Months) Closed Sales MTD Closed Sales (Trailing 12 Months) Closed Sales Price (Median) 30-Year-Fixed-Rate Mortgage Rate Monthly Payments (P&I)

Condominium January, 2022

January, 2021

Difference

% Change

Months Supply of Inventory

0.6

2.0

-1.4

-69%

Active Listings at End of Month

210

570

-360

-63%

Pending Sales MTD

330

282

48

17%

4,013

2,845

1,168

41%

209

165

44

27%

3,445

2,406

1,039

43%

$499,950

$493,880

$6,070

1%

3.5%

2.7%

0.7%

26%

$2,231

$2,014

$217

11%

Pending Sales (Trailing 12 Months) Closed Sales MTD Closed Sales (Trailing 12 Months) Closed Sales Price (Median) 30-Year-Fixed-Rate Mortgage Rate Monthly Payments (P&I)

Residential & Condominium January, 2022

January, 2021

Difference

% Change

Months Supply of Inventory

0.5

1.1

-0.7

-59%

Active Listings at End of Month

388

1,118

-730

-65%

Pending Sales MTD

833

995

-162

-16%

14,634

12,681

1,953

15%

605

709

-104

-15%

13,412

10,928

2,484

23%

$729,000

$745,500

-$16,500

-2%

3.5%

2.7%

0.7%

26%

$3,253

$3,039

$214

7%

Pending Sales (Trailing 12 Months) Closed Sales MTD Closed Sales (Trailing 12 Months) Closed Sales Price (Median) 30-Year-Fixed-Rate Mortgage Rates Monthly Payments (P&I)

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY JAN 2022

2021

2020

2019

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

MTD % Change

YTD Summary

π

YTD % Change

Active Listings (EOM)

178

-68%

178

AVG -68%

New Listings Taken in Month

515

-29%

515

YTD -29%

# of Pending Transactions

503

-29%

503

YTD -29%

Months Supply of Inventory

0.4

-54%

0.4

AVG -54%

# of Closed Sales

396

-27%

396

YTD -27%

Median Closed Price

790,000

0%

790,000

Active Listings (EOM)

548

474

498

613

556

667

720

604

650

561

315

167

17%

548

AVG 17%

New Listings Taken in Month

729

747

1,134

1,257

1,228

1,297

1,096

888

1,083

864

524

325

39%

729

YTD 42%

# of Pending Transactions

713

785

1,046

1,075

1,184

1,109

964

908

979

893

732

443

39%

713

YTD 39%

Months Supply of Inventory

0.8

0.6

0.5

0.6

0.5

0.6

0.7

0.7

0.7

0.6

0.4

0.4

-15%

0.8

AVG -15%

# of Closed Sales

544

623

831

889

981

1,080

1,084

903

827

893

763

697

30%

544

YTD 30%

Median Closed Price

791,471

798,000

825,000

875,000

919,000

890,444

896,500

875,000

850,000

850,000

850,000

839,000

10%

791,471

WA 10%

Active Listings (EOM)

467

510

613

709

816

829

935

1,082

1,141

1,102

859

586

-33%

467

AVG -33%

New Listings Taken in Month

513

708

895

680

941

1,068

1,188

1,281

1,217

1,112

623

497

-18%

513

YTD -18%

# of Pending Transactions

514

649

723

546

799

968

995

1,052

1,039

953

744

655

-9%

514

YTD -9%

Months Supply of Inventory

0.9

0.8

0.8

1.3

1.0

0.9

0.9

1.0

1.1

1.2

1.2

0.9

-27%

0.9

AVG -27%

# of Closed Sales

417

445

608

508

505

729

855

882

934

948

792

772

19%

417

YTD 19%

Median Closed Price

719,950

730,500

790,000

815,000

765,000

800,000

805,000

825,000

820,000

800,000

820,000

799,950

1%

719,950

Active Listings (EOM)

699

763

883

1,043

1,386

1,410

1,279

1,179

1,294

1,135

813

499

144%

699

AVG 144%

New Listings Taken in Month

622

581

998

1,083

1,353

1,100

823

739

966

801

439

275

25%

622

YTD 25%

# of Pending Transactions

565

495

830

870

903

927

821

737

748

818

645

448

37%

565

YTD 37%

Months Supply of Inventory

1.2

1.5

1.1

1.2

1.5

1.5

1.6

1.6

1.7

1.4

1.3

1.1

77%

1.2

AVG 77%

# of Closed Sales

350

476

502

677

790

748

751

731

565

670

647

578

-5%

350

YTD -5%

711,500

730,000

752,500

754,000

784,925

781,000

755,000

760,000

750,000

775,000

735,000

727,000

-6%

711,500

WA

-6%

# of Active Listings

287

296

414

494

628

873

962

994

1,349

1,277

1,100

704

-19%

287

A

-19%

New Listings Taken in Month

498

534

910

834

1,078

1,127

932

823

1,137

858

568

230

-8%

498

YTD -8%

# of Pending Transactions

411

521

741

713

884

814

734

665

638

684

541

368

-17%

411

YTD -17%

Months Supply of Inventory

0.7

0.6

0.6

0.7

0.7

1.1

1.3

1.5

2.1

1.9

2.0

1.9

-3%

0.7

A

-3%

# of Closed Sales

368

387

532

626

742

740

732

653

498

603

500

470

-17%

368

T

-17%

757,000

777,000

819,500

819,000

830,000

812,500

805,000

760,000

775,000

750,000

760,000

739,000

19%

757,000

Median Closed Price

2018

FEB

Median Closed Price

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS. AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total

WA

WA

0%

1%

WA 19%

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

2017

2016

2015

2014

2013

2012

π

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

MTD % Change

YTD Summary

Active Listings (EOM)

354

344

400

444

485

562

599

535

658

621

397

212

-15%

354

AVG -15%

New Listings Taken in Month

528

571

849

793

1,039

1,086

888

827

944

787

514

271

-3%

528

YTD -3%

# of Pending Transactions

493

580

782

739

974

963

801

815

780

753

647

383

16%

493

YTD 16%

Months Supply of Inventory

0.7

0.6

0.5

0.6

0.5

0.6

0.7

0.7

0.8

0.8

0.6

0.6

-27%

0.7

AVG -27%

# of Closed Sales

446

394

642

639

763

847

827

825

696

705

655

600

27%

446

YTD 27%

Median Closed Price

635,800

679,975

700,000

724,500

729,000

750,000

748,500

730,000

725,000

735,000

741,352

725,000

3%

635,800

Active Listings (EOM)

417

427

479

580

556

573

719

648

848

678

478

318

-13%

417

AVG -13%

New Listings Taken in Month

544

575

850

896

965

957

964

828

1,046

707

452

301

5%

544

YTD

# of Pending Transactions

424

587

792

803

983

911

804

876

831

843

640

432

-24%

424

YTD -24%

WA

YTD % Change

3%

5%

Months Supply of Inventory

1.0

0.7

0.6

0.7

0.6

0.6

0.9

0.7

1.0

0.8

0.7

0.7

14%

1.0

AVG 14%

# of Closed Sales

350

371

545

654

760

852

775

781

701

728

703

639

-8%

350

YTD -8%

Median Closed Price

618,450

644,950

640,000

637,250

641,250

666,500

650,000

625,000

630,000

625,000

615,000

635,000

20%

618,450

Active Listings (EOM)

482

532

519

556

572

593

600

625

697

628

421

283

-25%

482

AVG -25%

New Listings Taken in Month

516

614

818

967

918

894

842

789

869

694

437

276

-9%

516

YTD -9%

# of Pending Transactions

557

605

897

952

928

893

832

765

790

744

601

354

6%

557

YTD

Months Supply of Inventory

0.9

0.9

0.6

0.6

0.6

0.7

0.7

0.8

0.9

0.8

0.7

0.8

-29%

0.9

AVG -29%

# of Closed Sales

380

396

572

707

825

857

808

684

678

700

500

608

-4%

380

YTD -4%

Median Closed Price

517,500

520,000

535,000

552,500

559,950

575,000

575,500

575,000

571,000

555,000

598,000

600,000

13%

517,500

WA

13%

Active Listings (EOM)

644

646

671

759

908

946

1,018

920

1,043

931

726

505

1%

644

AVG

1%

New Listings Taken in Month

570

602

778

915

1,069

987

935

742

969

775

455

280

9%

570

YTD

9%

# of Pending Transactions

525

610

753

835

887

911

816

796

769

782

603

420

6%

525

YTD

6%

Months Supply of Inventory

1.2

1.1

0.9

0.9

1.0

1.0

1.2

1.2

1.4

1.2

1.2

1.2

-5%

1.2

AVG -5%

# of Closed Sales

395

379

576

600

723

766

750

675

643

691

582

589

3%

395

YTD

3%

Median Closed Price

459,950

460,000

450,000

479,000

490,000

499,000

543,500

499,950

517,000

515,000

498,950

500,000

16%

459,950

WA

16%

Active Listings (EOM)

635

687

713

767

919

1,028

1,085

1,127

1,177

1,075

834

609

-44%

635

AVG -44%

New Listings Taken in Month

522

645

812

903

1,042

1,024

934

879

914

726

442

281

2%

522

YTD

2%

# of Pending Transactions

494

633

805

856

912

909

899

825

792

787

596

418

6%

494

YTD

6%

Months Supply of Inventory

1.3

1.1

0.9

0.9

1.0

1.1

1.2

1.4

1.5

1.4

1.4

1.5

-47%

1.3

AVG -47%

# of Closed Sales

384

357

514

613

778

734

813

767

642

690

552

512

24%

384

YTD 24%

Median Closed Price

395,900

420,000

462,375

453,500

460,000

458,000

465,000

457,000

461,000

475,500

455,000

450,000

13%

395,900

WA

Active Listings (EOM)

1,128

1,058

1,089

1,097

1,137

1,166

1,142

1,113

1,214

1,012

824

600

-32%

1,128

AVG -32%

New Listings Taken in Month

513

573

771

756

828

775

700

678

845

614

435

244

-28%

513

YTD -28%

# of Pending Transactions

468

639

760

772

786

724

672

680

681

744

537

398

2%

468

YTD

Months Supply of Inventory

2.4

1.7

1.4

1.4

1.4

1.6

1.7

1.6

1.8

1.4

1.5

1.5

-34%

2.4

AVG -34%

# of Closed Sales

310

316

460

519

608

648

603

580

508

560

561

451

10%

310

YTD 10%

350,500

365,000

397,000

425,000

425,500

425,000

425,000

411,750

425,000

419,950

425,000

420,540

-10%

350,500

WA -10%

Median Closed Price

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS. AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total

WA

20%

6%

13%

2%

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

MONTHLY AVERAGES BASED ON HISTORICAL DATA | Active Listings (EOM) % of 12 Month Avg.

2012 - 2021

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Annual Totals

π

566

574

628

706

796

865

906

883

1,007

902

677

448

746

AVG

76%

77%

84%

95%

107%

116%

121%

118%

135%

121%

91%

60%

9,395

T

8,904

T

1.0

AVG

7,731

T

New Listings Taken in Month

556

615

882

908

1,046

1,032

930

847

999

794

489

298

% of 12 Month Avg.

71%

79%

113%

116%

134%

132%

119%

108%

128%

101%

62%

38%

516

610

813

816

924

913

834

812

805

800

629

432

70%

82%

110%

110%

125%

123%

112%

109%

108%

108%

85%

58%

1.1

0.9

0.8

0.9

0.9

0.9

1.1

1.1

1.3

1.1

1.1

1.0

108%

93%

76%

85%

85%

94%

107%

107%

124%

111%

106%

103%

# of Pending Transactions % of 12 Month Avg.

Months Supply of Inventory % of 12 Month Avg.

# of Closed Units % of 12 Month Avg.

Median Closed Price % of 12 Month Avg.

394

414

578

643

748

800

800

748

669

719

626

592

61%

64%

90%

100%

116%

124%

124%

116%

104%

112%

97%

92%

595,802

612,543

637,138

653,475

660,463

665,744

666,900

651,870

652,400

650,045

649,830

643,549

92%

95%

99%

101%

102%

103%

103%

101%

101%

101%

101%

100%

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS. AVG = Average, YTD = Year to Date, WA = Weighted Average, T = Total

644,980 AVG

MARKET UPDATE January, 2022

Seattle (All Areas) RESIDENTIAL ONLY

Closed Sales by Price by Month

2022 SALES PRICE

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEPT

OCT

NOV

DEC

YTD

$0 to $249,999

1

1

$250,000 to $499,999

12

12

$500,000 to $749,999

148

148

$750,000 to $999,999

137

137

$1,000,000 to $1,499,999

65

65

$1,500,000 to $2,499,999

29

29

$2,500,000 and above

4

4

396

396

Grand Total

2021 SALES PRICE

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEPT

OCT

NOV

DEC

YTD

$0 to $249,999

0

0

0

0

0

0

0

1

1

0

1

0

0

$250,000 to $499,999

32

26

20

26

20

20

17

21

19

19

18

20

32

$500,000 to $749,999

195

244

297

243

264

313

304

251

252

283

248

217

195

$750,000 to $999,999

183

186

255

292

289

334

339

302

286

266

230

255

183

$1,000,000 to $1,499,999

87

105

157

188

254

252

250

201

158

194

179

121

87

$1,500,000 to $2,499,999

34

45

79

115

118

123

130

105

89

87

63

70

34

$2,500,000 and above

12

11

18

24

35

31

44

22

21

33

25

8

12

543

617

826

888

980

1,073

1,084

903

826

882

764

691

543

AUG

SEPT

OCT

NOV

DEC

YTD

Grand Total

YOY % CHANGE SALES PRICE

JAN

FEB

MAR

APR

MAY

JUN

JUL

$0 to $249,999

N/A

N/A

$250,000 to $499,999

-62%

-62%

$500,000 to $749,999

-24%

-24%

$750,000 to $999,999

-25%

-25%

$1,000,000 to $1,499,999

-25%

-25%

$1,500,000 to $2,499,999

-15%

-15%

$2,500,000 and above

-67%

-67%

Grand Total

-27%

-27%

Created by Windermere Real Estate/East Inc. using NWMLS data, but information was not verified or published by NWMLS.