highlights • N ew M LS listingsfel to 1,492 in N ovem ber,a48% decreasem onth-over-m onth thatwasgreater than thetypical36% O ctober-to-N ovem berdecline. • N ew listingswerem arginalyhigheron ayear-over-yearbasis(+0.6%),led bytownhom es(+18%, to357)and folowed bycondos(+6%,to250).In contrast,new single-fam ilyhom elistingswere down (-6%,to867). • N ew listingswere22% below theprior10-yearN ovem beraverage(of1,924),with new single-fam ilylistingsthefurthestbelow average(-33% ),folowed bynew condo listings(-17% ).In contrast,new townhom elistingswere11% aboveaverage.
KINGCOUNTY THERENNIEADVANCE new listings
NOVEMBER 2024
4,000
- 6% vsN ov2023
3,000
2,000
1,289 10 yrNovAvg
1,000
SINGLE-FAMILY HOME new listings
867
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 33% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
800
+ 18% vsN ov2023
600
400
320 10 yrNovAvg
357
200
TOWNHOME new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 11% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
800
+ 6% vsN ov2023
600
400
300 10 yrNovAvg
200
CONDO new listings
250
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 17% 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. 4 ●
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