highlights • Inventoryin KingCountyreached 2,282lastm onth,up 18% from Januaryand thehighest m onth-over-m onth increasein M LS listingssinceM arch 2023. • O n ayear-over-yearbasis,inventorywas6% higher,driven largelybym oreactivecondo listings, which were29% higherthan in February2023 (whileresidentialinventorywas3% lower). • February’sinventory w as,in fact,stil 18% below thepast-decadeaverage.H ow ever,therew ere diferencesbetween thetwo hom etypes:residentialhom elistingswere27% lowerthan their historicalaverage,w hilecondo listingsw ere9% higher.
KINGCOUNTY THERENNIEADVANCE inventory
•
FEBRUARY 2024
- 3% vsFeb2023
5,000
4,000
3,000
2,086 10 yrFebAvg
2,000
RESIDENTIAL inventory
1,516
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 27% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
1,400 1,600
+ 29% vsFeb2023
1,200
800 1,000
701 10 yrFebAvg
766
600
200 400
CONDOMINIUM inventory
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 9% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
7,000
+ 6% vsFeb2023
6,000
5,000
4,000
2,787 10 yrFebAvg
3,000
2,000
TOTAL inventory
2,282
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000
- 18% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
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