the seattle rennie advance | January 2024

highlights • Them edian sold pricein KingCountydeclined by0.6% between N ovem berand D ecem ber. Changesin m edian sold pricesbetw een N ovem berand D ecem berareconsistently inconsistent from yearto yearbut,on average,increaseby0.4% .Them edian sold priceforresidentialhom e typesdeclined by3% whilethatforcondosincreased by6%. • O n ayear-over-yearbasis,m edian sold priceswerehigherby10% ,with residentialhom etypesup 4% and condosup 20%–thelargestyear-over-yearincreasein thecondo m edian sold pricesince February2022. •

KINGCOUNTY THERENNIEADVANCE median prices

DECEMBER 2023

$1,000,000

KingCounty

$800,000

$853,950

$600,000

+ 4% vsD ec2022

$400,000

RESIDENTIAL median salesprice

$200,000

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

● December

$600,000

KingCounty

$560,000

$500,000

$400,000

$300,000

+ 20% vsD ec2022

$200,000

CONDOMINIUM median salesprice

$100,000

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

● December

$1,000,000

KingCounty

$800,000

$794,950

$600,000

+ 10% vsD ec2022

$400,000

TOTAL median salesprice

$200,000

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

● December

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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