the seattle rennie advance | November 2024

highlights • N ew M LS listingsfel to2,846 in O ctober,a19% decreasem onth-over-m onth thatwasin line w ith thetypical19% Septem ber-to-O ctoberdecline. • N ew listingswerestil higherby36% on ayear-over-yearbasis,led bycondos(+48%,to493)and townhom es(+48%,to570),and folowed bysingle-fam ilyhom es(+30%,to1,757). • N ew single-fam ily listingsw ere14% below theirprior10-yearO ctoberaverage,w hilenew townhom elistingswere29% aboveaverageand new condo listingswere6% aboveaverage.

KINGCOUNTY THERENNIEADVANCE new listings

OCTOBER 2024

4,000

+ 30% vsOct2023

3,000

2,000

2,055 10 yrOctAvg

1,757

1,000

SINGLE-FAMILY HOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 14% vs10yrOctAvg

﹍ 10 yrO ctoberAverage

● October

800

+ 48% vsOct2023

600

570

400

443 10 yrOctAvg

200

TOWNHOME new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 29% vs10yrOctAvg

﹍ 10 yrO ctoberAverage

● October

800

+ 48% vsOct2023

600

493

400

467 10 yrOctAvg

200

CONDO new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 6% vs10yrOctAvg

﹍ 10 yrO ctoberAverage

● October

Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber1,2024.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. 4 ●

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