Seattle Luxury Market Report January 2020

Seattle led North America with the highest sales ratio for single family homes according to a luxury market report produced by The Institute for Luxury Home Marketing. The sales ratio defines the market speed and determines whether the market currently favors buyers or sellers.

  • Buyer’s Market < 14.5%
  • Balanced Market ≥ 14.5% to < 20.5%
  • Seller’s Market ≥ 20.5%

Seattle ended January with a 52 percent sales ratio. It was followed by Sacramento with 35 percent; Greater Seattle with 31 percent; and Colorado Springs with 30 percent.

Seattle Single Family Home Luxury Market

  • The luxury benchmark (price point marking transition from traditional homes to luxury homes) in Seattle is $1,150,000.
  • There were 114 homes available in January, 59 of which sold—a 52 percent sales ratio.
  • Seattle homes sold for a median of 98.64 percent of its list price in January.
  • The median days on market decreased from 27 days in December to 25 days in January.

Seattle Condo Luxury Market

  • The luxury benchmark in Seattle for condos is $800,000.
  • There were 68 homes available in January, 21 of which sold—a 31 percent sales ratio.
  • Seattle condos sold for a median of 97.88 percent of its list price in January.
  • The median days on market increased from 44 in December to 72 days in January.


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