highlights • Closed M LS salesin KingCountyincreased m arginalyin July,up 1.9% m onth-over-m onth to 2,478.Theincreasewasatypicalforthistim eofyearwith salesusualycontracting 5% between Juneand July. • Com pared to lastyear,salesw ereup 14% year-over-year.Single-fam ily hom essaw thelargest increase(up 18% to1,756),folowed bycondos(up 13% to325),whiletownhom esalesdeclined 2% to367. • Forthelasttwo years,salescountsin King Countyhaverem ained below theirpast10-year average,and Julywasno exception,faling 26% short.Al hom etypessaw below averagesalesled bycondos(-32%),folowed bysingle-fam ilyhom es(-26%)and townhom es(-17%).
KINGCOUNTY THERENNIEADVANCE sales
JULY 2024
3,500
+ 18% vsJul2023
3,000
2,500
2,000
2,384 10 yr JulAvg
1,500
1,756
1,000
SINGLE-FAMILY HOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 26% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
- 2% vsJul2023
800
600
442 10 yr JulAvg
400
367
TOWNHOME sales
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 17% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
800
+ 13% vsJul2023
600
400
479 10 yr JulAvg
325
200
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 32% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust1,2024.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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