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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