highlights • KingCountyhad 827new M LS listingsin D ecem ber,which was46% below N ovem ber’scount. Thiswasidenticalto theN ovem ber-to-D ecem berdeclinerealized in 2022,butam oredram atic slidethan thetypical35% decreaseseen overthepastdecade.N ew listingsin D ecem berw erealso 36% below thepast10-yearaverageforthem onth (1,301). • Com pared to thistim elastyear,totalnew listingswere5% lower.Thiswasnotconsistentacros hom etypesasresidentialnew listingsrose31% year-over-yearwhilecondosfel 15% . • Therewere28,173new M LS listingsin KingCountyin 2023.Thisconstituted thelowestnew listingscountin atleastthepastdecade,and was26% below thenext-closestcount(38,151 in 2022).
KINGCOUNTY THERENNIEADVANCE new listings
DECEMBER 2023
- 15% vsD ec2022
4,000
3,000
1,011 10 yrDecAvg
2,000
RESIDENTIAL new listings
1,000
595
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 41% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
1,200
+ 31% vsD ec2022
1,000
800
600
290 10 yrDecAvg
400
CONDOMINIUM new listings
200
232
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 20% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
- 5% vsD ec2022
5,000
4,000
3,000
1,301 10 yrDecAvg
2,000
TOTAL new listings
1,000
827
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 36% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
Copyright© January2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftheren iegroupofcom panies.CurentasofJanuary2,2024.Aldatafrom NorthwestMultiple ListingService& Ren ie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.renniegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieand as ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online