highlights • Them edian sold pricein KingCountydeclined by3% m onth-over-m onth in January.Thiswas largelyareflection ofagreaternum beroflowerpriced hom esselingthism onth than was typical— specificaly,condosrepresented 27% ofal saleslastm onth (thehighestsharesince February2022)and welabovethe23% in D ecem ber. • O n ayear-over-yearbasis,them edian sold pricerose5% in January2024,m arking three consecutivem onthsofyear-over-yearincreases(thelasttim ethisoc ur ed wasin N ovem ber 2022).Them edian sold priceofaresidentialhom erose8% (thelargestincreasesinceO ctober 2022)and forcondositrose13% (m arkingfourconsecutivem onthsofdouble-digityear-over-year increases).
KINGCOUNTY THERENNIEADVANCE median prices
JANUARY2024
•
$1,000,000
KingCounty
$864,000
$800,000
$600,000
+ 8% vsJan 2023
$400,000
RESIDENTIAL median salesprice
$200,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● January
$600,000
KingCounty
$500,000
$510,000
$400,000
$300,000
+ 13% vsJan 2023
$200,000
CONDOMINIUM median salesprice
$100,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● January
$1,000,000
KingCounty
$800,000
$775,000
$600,000
+ 5% vsJan 2023
$400,000
TOTAL median salesprice
$200,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 $0
● January
Copyright© February1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary1,2024.Aldatafrom Northwest MultipleListingService& Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientofthe inform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom a rennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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