highlights • Closed M LS salesin KingCountyfel11% m onth-to-m onth in Augustto2,212,which wasm uch largerthan thetypicalJuly-to-Augustdeclineof2%.Lastm onth’ssalescountwasalm oston par with August2023’stotalof2,214. • A ugustsalesrepresented thesixth consecutivem onthly totalabovethe2,000-salethreshold after sixconsecutivem onthsbelow them ark.
KINGCOUNTY THERENNIEADVANCE sales
AUGUST2024
• Salesin Augustwere32% lowerthan theprior10-yearAugustaverage.Single-fam ilyhom esales were33% below (1,567 salesin August), townhom eswere30% down (329),and condoswerethe furthestbelow,at36% (302).
3,500
+ 2% vsAug2023
3,000
2,500
2,000
2,322 10 yrAugAvg
1,500
1,567
1,000
SINGLE-FAMILY HOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 33% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
- 5% vsAug2023
800
600
444 10 yrAugAvg
400
329
TOWNHOME sales
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 26% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
800
- 5% vsAug2023
600
400
471 10 yrAugAvg
302
200
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 36% vs10yrAugAvg
﹍ 10yrAugustAverage
● August
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber3,2024.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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