highlights • Tostart2024,M LS closed salesin KingCountyreached 1,061 in January,unchanged from one yearago and thelow estsalescountin atleastthepastten years.W ith thatsaid,thisisthefirst tim esinceAugust2021 thattheyear-over-yearchangein saleswasnotnegative. • Com pared toD ecem ber,January’scountwas18% lowerthan D ecem ber’s— am orem uted change com pared tothetypicalm onth-over-m onth declineof33% atthistim eofyear.Com pared tothe 10-yearJanuaryaverage,thism onth’ssaleswere36% lower. • Thereweresom ediferenceswhen analyzing changesin salesbyhom etypes:residentialhom e saleswere22% lowerthan lastm onth’sand 7% lowerthan Januaryoflastyear,whilecondosales were2% below lastm onth but26% higherthan oneyearago.
KINGCOUNTY THERENNIEADVANCE sales
JANUARY2024
3,500
- 7% vsJan 2023
3,000
2,500
2,000
1,283 10 yr Jan Avg
1,500
1,000
RESIDENTIAL sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500 771
- 40% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
1,250
+ 26% vsJan 2023
1,000
750
370 10 yr Jan Avg
500
CONDOMINIUM sales
250
290
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 22% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
- vsJan 2023
1,652 10 yr Jan Avg
TOTAL sales
1,061
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 36% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
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