highlights • ActiveM LS listingsin KingCountyfelto4,291,adeclineof9% m onth-over-m onth thatwasin linewith thetypical10% drop. • Activelistingswere0.4% below theprior10-yearO ctoberaverageof4,310.Thiswasentirely driven bysingle-fam ilylistings,which were26% below average(to 2,182).In contrast,townhom e inventorywas76% aboveaverage(to1,046)and condoinventorywas38% above(to1,031). • Theoveral m arketcontinued tofavorselerswith only1.8 m onthsofinventory(M O I)in O ctober,down from 2.5 in Septem ber.Al hom etypeswerein selers’m arketter itorywith M O I’sof1.3 forsingle-fam ilyhom es,2.9 fortownhom es,and 3.5 forcondos.
KINGCOUNTY THERENNIEADVANCE inventory
•
OCTOBER 2024
5,000
+ 13% vsOct2023
4,000
3,000
2,930 10 yrOctAvg
2,000
2,182
SINGLE-FAMILY HOME inventory
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 26% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
+ 64% vsOct2023
1,000
1,046
800
600
596 10 yrOctAvg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 76% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
+ 43% vsOct2023
1,200
1,000
1,031
800
746 10 yrOctAvg
600
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 38% 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. 5 ●
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