highlights • AfterhavingthelowestcountsinceM arch 2022 in D ecem ber,KingCounty’sinventoryfel 0.9% in January(to1,930).Thiswasbelow thetypicalseasonalcontraction of2% and 30% lowerthan thepast-decadeJanuary average. • Com pared tolastyear,inventorywas18% lower,continuingatrend ofnineconsecutivem onths ofyear-over-yeardecreases.Thatbeing said,thisw asthesm alestyear-over-yeardeclinein inventorysinceM ayof2023. • KingCounty’sJanuaryinventoryofresidentialhom etypeswaslowerthan in D ecem ber(down 1.5%)and below thatofJanuary2023 (by27%).Condos,on theotherhand,realized a0.3% liftin inventorycom pared to lastm onth and jum ped 8% versuslastyear.
KINGCOUNTY THERENNIEADVANCE inventory
•
JANUARY2024
- 27% vsJan 2023
5,000
4,000
3,000
2,054 10 yr Jan Avg
2,000
RESIDENTIAL inventory
1,000
1,258
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 39% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
1,400 1,600
+ 8% vsJan 2023
1,200
800 1,000
687 10 yr Jan Avg
600
672
CONDOMINIUM inventory
200 400
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 2% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
7,000
- 18% vsJan 2023
6,000
5,000
4,000
2,741 10 yr Jan Avg
3,000
2,000
TOTAL inventory
1,930
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1,000
- 30% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
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