highlights • ActiveM LS listingsin KingCountyrose23% m onth-over-m onth to2,865,astark contrasttothe typical2% D ecem ber-to-Januarydecline.Thiswasthem ostinventoryforthem onth ofJanuary since2019 when therewere3,859 activelistings. • Activelistingswere17% abovetheprior10-yearJanuaryaverageof2,451.Townhom einventory wasthefurthestaboveaverage(+137%,to844),folowed bycondos(+54%,to697).M eanwhile, single-fam ilyhom einventorywasbelow average(-19%,to 1,302). • Theoveral m arketcontinued tofavorselerswith only2.3 m onthsofinventory(M O I)in January, which wasup from 1.4 in D ecem ber.Al hom etypeswerein selers’m arketter itorywith M O I’s of1.7 forsingle-fam ilyhom es,3.1 fortownhom es,and 3.6 forcondos.
KINGCOUNTY THERENNIEADVANCE inventory
•
JANUARY2025
5,000
+ 26% vsJan 2024
4,000
3,000
1,615 10 yr Jan Avg
2,000
SINGLE-FAMILY HOME inventory
1,000
1,302
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 19% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
+ 81% vsJan 2024
1,000
800
844
600
356 10 yr Jan Avg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 137% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
+ 41% vsJan 2024
1,200
1,000
800
453 10 yr Jan Avg
600
697
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 54% vs10yrJan Avg
﹍ 10 yrJanuaryAverage
● January
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2025renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary3,2025.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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