highlights • Inventoryin KingCountyrose8% in M arch,increasingfrom itsFebruarycountof2,088 to2,262 (m arking threeconsecutivem onthsofm onth-over-m onth inventoryincreases).Thiswaslargely driven bya17% expansion in condoinventory(whilesingle-fam ilyhom eand townhom einventory each rose6% ). • Com pared to lastyear,inventorywasdown 10% overal.Forsingle-fam ilyhom es,inventorywas 22% lowerand 5% lowerfortownhom es.Conversely,condoinventorywas22% highercom pared toM arch 2023. • Thepast-decadeM arch averagehad tw o distinctnar atives,w ith single-fam ily hom einventory 45% lowerwhiletownhom eand condoinventorywereup 17% and 10%,respectively.
KINGCOUNTY THERENNIEADVANCE inventory
•
MARCH 2024
- 22% vsM ar2023
5,000
4,000
3,000
2,158 10 yrM arAvg
2,000
SINGLE-FAMILY HOME inventory
1,000
1,196
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 45% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
- 5% vsM ar2023
1,000
800
600
410 10 yrM arAvg
400
480
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 17% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
+ 22% vsM ar2023
1,200
1,000
800
535 10 yrM arAvg
600
586
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 10% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
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