highlights • ActiveM LS listingsin KingCountywereup 8% m onth-over-overto4,727.Thism arked them ost inventoryin anym onth goingbacktoSeptem ber2022. • Activelistingswere1.3% below theprior10-yearSeptem beraverageof4,791.Thiswasentirely driven bysingle-fam ilylistings,which were24% below averageto 2,526.In contrast,townhom e inventorywas68% aboveaverage(to1,074)and condoinventorywas41% above(to1,095). • Theoveral m arketcontinued tofavorselerswith only2.5 m onthsofinventory(M O I)in Septem ber,though thiswasthehighestlevelsinceO ctober2018.Al hom etypeswerein selers’ m arketter itorylastm onth,with M O I’sof1.9 forsingle-fam ilyhom es,3.3 fortownhom es,and 4.7 forcondos.
KINGCOUNTY THERENNIEADVANCE inventory
•
SEPTEMBER 2024
+ 16% vsSep 2023
5,000
4,000
3,000
3,328 10 yrSep Avg
2,526
2,000
SINGLE-FAMILY HOME inventory
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 24% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
+ 58% vsSep 2023
1,000
1,074
800
600
640 10 yrSep Avg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 68% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
+ 50% vsSep 2023
1,200
1,000
1,095
800
778 10 yrSep Avg
600
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 41% vs10yrSep Avg
● Septem ber ﹍ 10 yrSeptem berAverage
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober1,2024.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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