highlights • Thanksin partto risingnew listings,inventoryin KingCountyreached 2,591 in April,itshighest levelsinceO ctober2023.Thism arked a15% increasein inventorycom pared to M arch,though it wason parwith lastApril’slevel(onlybeinglowerby0.4%). • Them onth-over-m onth expansion in inventoryoc ur ed relativelyevenlyacros hom etypeslast m onth,at13% forsingle-fam ilyhom esand up to17% forcondos.Therewassom edivergencein expansion when com pared toApril2023,with single-fam ilyhom einventorysiting15% lower and townhom eand condoinventorybeing9% and 37% higher,respectively. • O veral,inventorywas26% below thepast-decadeaverage.Single-fam ilyhom es(which com posed overhalftheinventoryin KingCountyin April)was45% below the10-yearaverage,while townhom eand condoinventorieswere27% and 19% higher,respectively.
KINGCOUNTY THERENNIEADVANCE inventory
•
APRIL2024
- 15% vsApr2023
5,000
4,000
3,000
2,463 10 yrAprAvg
2,000
SINGLE-FAMILY HOME inventory
1,000
1,343
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 45% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
+ 9% vsApr2023
1,000
800
600
441 10 yrAprAvg
560
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 27% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
+ 37% vsApr2023
1,200
1,000
800
576 10 yrAprAvg
600
688
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 19% vs10yrAprAvg
﹍ 10 yrAprilAverage
● April
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