highlights • Forthesixth consecutivem onth,King County’sinventoryincreased m onth-over-m onth,rising to 3,994 in June(an 11% expansion versusM ayand in linewith thetypicalM ay-to-Juneincreaseof 11%). • Totalinventoryin Junewas31% abovelastyear,m arkingtwoconsecutivem onthsof year-over-yearincreases(thefirstsuch trend sinceM arch and A prilof2023).Com pared to the past-decadeaverage,inventorywas8% lower;single-fam ilyhom eswere30% below that benchm ark,whiletownhom esand condoswere59% and 39% higher,respectively. • N otably,townhom einventoryin Junereached itshighestlevelin atleastthepasttwelveyears(at 853)and condoinventoryrem ained atitshighestlevelsinceN ovem ber2020 (reaching953).
KINGCOUNTY THERENNIEADVANCE inventory
•
JUNE 2024
+ 17% vsJun 2023
5,000
4,000
3,000
3,083 10 yrJun Avg
2,000
2,159
SINGLE-FAMILY HOME inventory
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 30% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
+ 48% vsJun 2023
1,000
800
853
600
537 10 yrJun Avg
400
TOWNHOME inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 59% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
+ 64% vsJun 2023
1,200
1,000
953
800
686 10 yrJun Avg
600
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 39% vs10yrJun Avg
﹍ 10yrJuneAverage
● June
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© July2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJuly2,2024.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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