highlights • Closed M LS salesacros KingCountyweredown 24% m onth-over-m onth to1,855,which was greaterthan thetypicalO ctober-to-N ovem bersalesdeclineof15% . • Saleswereup 16% relativeto N ovem ber2023 (1,594 sales),m arkingtheeighth m onth thisyear thatsaleshaveexceeded prioryearlevels.A l hom etypessaw activity up year-over-year,led by single-fam ilyhom es(+18%,to1,289),and folowed bytownhom es(+16%,to312)and condos (+14%,to237). • Salesrem ained 26% below theprior10-yearN ovem beraverage(of2,493),with condosthe furthestbelow average(-31%),folowed bysingle-fam ilyhom es(-27%)and townhom es(-13%).
KINGCOUNTY THERENNIEADVANCE sales
NOVEMBER 2024
3,500
+ 18% vsN ov2023
3,000
2,500
2,000
1,769 10 yrNovAvg
1,500
1,000
1,289
SINGLE-FAMILY HOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 27% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 16% vsN ov2023
800
600
359 10 yrNovAvg
400
312
TOWNHOME sales
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 13% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
800
+ 14% vsN ov2023
600
400
344 10 yrNovAvg
200
CONDO sales
237
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 31% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber2,2024.W hiletheinform ationanddatacontainedhereinhasbe n obtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacingany relianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim e withoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 3 ●
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