Supply-demand conditions in King County in August officially entered balanced territory for the first time in over a decade. With sales at their lowest level for the month since at least 2013, and active listings near their highest level ever over that same timeframe, the month of inventory metric eclipsed the 4.0 threshold, moving from a sellers’ market to balanced.
The seattle rennie advance is a summary of the latest sales, listings, and price trends in King County. It is produced at the beginning of each month and it reflects the latest market data.
Our rennie intelligence division comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley and San Diego marketplaces. Their thoughtful and objective approach embodies the core values of rennie.
