the seattle rennie advance | August 2024

highlights • N ew M LS listingsdecreased forthesecond consecutivem onth folowing fiveconsecutive m onth-over-m onth increasesto begin theyear.N ew listingsfel 12% between Juneand July(to 3,268),m orethan thetypicalJune-to-Julydecreaseof8%.Thatsaid,new listingswereup 20% com pared to lastyear,m arking seven consecutivem onthsofyear-over-yearincreases. • Sim ilarto sales,new listingsw ere19% below theirpast-decadeJuly average(w hich has categorized m uch ofthelasttw o years).Looking athom etypes,new listingsforsingle-fam ily hom eswere23% below theirlong-run averageand condoswere18% below,whilenew townhom e listingswere0.6% above.

KINGCOUNTY THERENNIEADVANCE new listings

JULY 2024

4,000

+ 19% vsJul2023

3,000

2,000

2,863 10 yr JulAvg

2,200

1,000

SINGLE-FAMILY HOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 23% vs10yrJulAvg

﹍ 10 yrJulyAverage

● July

800

+ 20% vsJul2023

600

562

400

559 10 yr JulAvg

200

TOWNHOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 1% vs10yrJulAvg

﹍ 10 yrJulyAverage

● July

800

+ 20% vsJul2023

600

480

400

588 10 yr JulAvg

200

CONDO new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 18% 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. 4 ●

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