highlights • At2,588,KingCounty’sM LS salesin M ayexceeded the2,500-m arkforthefirsttim esince August2022.Com pared to April,saleswere11% higher,representingthelowest m onth-over-m onth increasesinceD ecem ber-to-January ofthisyearand slightly below thetypical A pril-to-M ay increaseof12% . • M ay’ssalescountwas11% higherthan oneyearearlier.Acros hom etypes,single-fam ilyhom e and townhom esaleswere13% and 10% aboveM ay2023,whilecondoswere0.6% lower. • Forthepasttwo years,salescountsin King Countyhavebeen below theirpast-decadeaverage and lastm onth wasno diferent,siting 19% below M ay’shistoricalaverage.N otably,townhom e saleswere3% higherthan their10-yearaveragewhilesingle-fam ilyhom esand condoswere21% and 31% below theirs,respectively.
KINGCOUNTY THERENNIEADVANCE sales
MAY 2024
3,500
+ 13% vsM ay2023
3,000
2,500
2,000
2,279 10 yrM ayAvg
1,500
1,797
1,000
SINGLE-FAMILY HOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 21% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
+ 10% vsM ay2023
800
600
451 10 yrM ayAvg
400
467
TOWNHOME sales
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 3% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
800
- 1% vsM ay2023
600
400
469 10 yrM ayAvg
324
200
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 31% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© June3,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune3,2024.W hiletheinform ationanddatacontainedhereinhas be nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacing anyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatany tim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 3 ●
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