highlights • W ith thelowestcountsinceM arch 2022,KingCounty’s1,947 activelistingslastm onth were down 31% com pared toN ovem ber–m orethan thetypicalseasonalcontraction of26%.Active listingsattheend oflastm onth were30% below thepast-decadeD ecem beraverage(of2,801), and were27% lowerthan oneyearago. • Activelistingsforboth residentialand condo hom etypesdeclined on am onth-over-m onth basis, faling 32% and 28% ,respectively.Residentiallistingsalso declined on ayear-over-yearbasis,by 37%,whileactivelistingsforcondosincreased by1.7%.
KINGCOUNTY THERENNIEADVANCE inventory
DECEMBER 2023
- 37% vsD ec2022
5,000
4,000
3,000
2,110 10 yrDecAvg
2,000
RESIDENTIAL inventory
1,000
1,277
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 39% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
1,400 1,600
+ 2% vsD ec2022
1,200
800 1,000
692 10 yrDecAvg
600
670
CONDOMINIUM inventory
200 400
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 3% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
7,000
- 27% vsD ec2022
6,000
5,000
4,000
2,801 10 yrDecAvg
3,000
2,000
TOTAL inventory
1,947
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1,000
- 30% 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.
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