highlights • N ew M LS listingsrose20% in M ay,reaching4,192 and eclipsing4,000 forthefirsttim esince June2022.O n ayear-over-yearbasis,new listingswereup 39% ,which wasrelativelyconsistent acros hom etypes:single-fam ilyhom esrising37%,townhom es44%,and condos43%. • Atonly5% below theirpast10-yearaverageforthem onth,new listingswerewithin 10% oftheir long-run typicallevelforonlythethird tim ein twenty-two m onths.Considering hom etypes, townhom esand condoswereboth abovetheirhistoricalM ayaverage,by27% and 5% respectively;single-fam ily hom enew listingsrem ained 12% below.
KINGCOUNTY THERENNIEADVANCE new listings
MAY 2024
4,000
+ 37% vsM ay2023
3,000
2,832
2,000
3,217 10 yrM ayAvg
1,000
SINGLE-FAMILY HOME new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 12% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
800
+ 44% vsM ay2023
723
600
400
568 10 yrM ayAvg
200
TOWNHOME new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 27% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
800
+ 43% vsM ay2023
600
637
400
609 10 yrM ayAvg
200
CONDO new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 5% 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. 4 ●
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