highlights • ActiveM LS listingsin KingCountyfelto3,273,adeclineof24% m onth-over-m onth thatwasin linewith thetypical21% drop. • Activelistingswere4% below theprior10-yearN ovem beraverageof3,416.Thiswasentirely driven bysingle-fam ilylistings,which were31% below average(to 1,570).In contrast,townhom e inventorywas76% aboveaverage(to868)and condoinventorywas30% above(to806). • Theoveral m arketcontinued tofavorselerswith only1.8 m onthsofinventory(M O I)in N ovem ber,which wasflatfrom 1.8 in O ctober.Al hom etypeswerein selers’m arketter itory with M O I’sof1.2 forsingle-fam ilyhom es,2.8 fortownhom es,and 3.4 forcondos.
KINGCOUNTY THERENNIEADVANCE inventory
•
NOVEMBER 2024
5,000
- 0.1% vsN ov2023
4,000
3,000
2,271 10 yrNovAvg
2,000
SINGLE-FAMILY HOME inventory
1,570
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 31% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 47% vsN ov2023
1,000
800
868
600
493 10 yrNovAvg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 76% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 23% vsN ov2023
1,200
1,000
800
806
619 10 yrNovAvg
600
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 30% 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. 5 ●
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