highlights • ActiveM LS listingsin KingCountyfelto2,337,adeclineof29% m onth-over-m onth thatwas slightlym orethan thetypical26% drop. • Activelistingswere7% below theprior10-yearD ecem beraverageof2,512.Thiswasentirely driven by single-fam ily listings,w hich w ere37% below average(at1,052 listings).In contrast, townhom einventory(689 listings)was87% aboveaverageand condoinventory(576)was27% hi. • Theoveral m arketcontinued tofavorselers,with only1.4 m onthsofinventory(M O I)in D ecem ber,which wasdown from 1.8 in N ovem ber.Al hom etypeswerein selers’m arket ter itorywith M O I’sof1.0 forsingle-fam ilyhom es,2.1 fortownhom es,and 2.3 forcondos.
KINGCOUNTY THERENNIEADVANCE inventory
•
DECEMBER 2024
5,000
+ 1% vsD ec2023
4,000
3,000
1,665 10 yrDecAvg
2,000
SINGLE-FAMILY HOME inventory
1,000
1,052
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 37% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
+ 49% vsD ec2023
1,000
800
600
689
368 10 yrDecAvg
400
TOWNHOME inventory
200
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 87% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
+ 20% vsD ec2023
1,200
1,000
800
453 10 yrDecAvg
600
576
400
CONDO inventory
200
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 27% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2025renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary6,2025.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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