highlights • At4,533 in July,totalinventoryin KingCountyrose13% m onth-over-m onth and reached its highestlevelsinceSeptem ber2022 (4,844).Acros hom etypes,condoinventoryof1,001 achieved itshighestlevelsinceN ovem ber2020 and townhom einventoryof949 reached its highestlevelon record.Single-fam ilyhom einventoryof2,548 also had anotableincreasein July, rising to itshighestlevelsinceO ctober2022. • O n ayear-over-yearbasis,totalinventory hasincreased by double-digitsin each ofthelastthree m onths,rising 41% in July (thelargestyear-over-yearincreasesinceM arch 2023).Condo inventoryrose63% com pared tolastyear,townhom es59%,and single-fam ilyhom es29%.
KINGCOUNTY THERENNIEADVANCE inventory
•
JULY 2024
+ 29% vsJul2023
5,000
4,000
3,000
3,309 10 yr JulAvg
2,548
2,000
SINGLE-FAMILY HOME inventory
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 23% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
+ 59% vsJul2023
1,000
949
800
600
598 10 yr JulAvg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 59% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
+ 63% vsJul2023
1,200
1,000
1,001
800
735 10 yr JulAvg
600
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 36% 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. 5 ●
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