MONTHLY MARKET SNAPSHOT

Real Estate Market

  • These interactive charts help visualize important year-over-year real estate statistics such as the number of active listings, new listings entered during the month, pending sales, closed sales, and months of inventory.

    Access data for individual counties by using the drop-down filter menu. You may download and share or publish these charts and infographics with appropriate attribution.

    Active Listings

    There was a 41.4% increase in total number of properties listed for sale, with 12,837 active listings on the market at the end of May 2024, compared to 9,079 at the end of May 2023. The number of homes for sale increased throughout Washington, with 24 out of 26 counties seeing a year-over-year increase.

    Use the drop-down menu in the chart below to view the available inventory counts in each county:


    New Listings

    NWMLS brokers added 11,572 new listings to the database in May 2024, an increase of 25% compared to May 2023. The four counties with the largest increase in the number of new listings were Columbia (+150%), followed by Douglas (+79%), Lewis (+36%), and King (+34%).

    Use the drop-down menu in the chart below to view the number of new listings added in each county:


    Pending Sales

    There were 8,220 total residential units & condo units under contract in May 2024, an increase of 1.2% when compared to May 2023 (8,120). The five counties with the largest increase in the number of pending sales were Douglas (+68%), Kittitas (+37%), Clark (+24%), Chelan (+17%), and Kitsap (+14%).

    Use the drop-down menu in the chart below to view the pending sales in each county:


    Closed Sales

    May 2024 saw a 6% increase in the number of closed sales transactions year-over-year. The five counties with the largest increase in the number of closed sales were Okanogan (+41%), Douglas (+23%), King (+17%), Ferry (+14%), and Pacific (+14%). The total dollar value of closed sales for residential homes for this month was $5,032,984,796 and was $584,625,883 for condominiums.

    Use the drop-down menu in the chart below to view the number of closed sales in each county:


    Months of Inventory

    A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take less than two months to sell every home that is active in the NWMLS inventory. The five counties with the lowest months of inventory in May 2024 were Snohomish (1.16), King (1.55), Pierce (1.67), Thurston (1.73), and Kitsap (1.81).

    Use the drop-down menu in the chart below to view the months of inventory in each county:


    Median Price

    Overall, the median price for residential homes and condominiums sold in May 2024 was $660,000, up over 7% when compared to May 2023 ($615,000). The three counties with the highest median sale prices were King ($890,000), and Snohomish ($785,000), San Juan ($744,500), and the three counties with the lowest median sale prices were Okanogan ($302,000). Columbia ($275,000), and Ferry ($171,500).

    Use the drop-down menu in the chart below to view the median sales price in each county:


    Market Snapshot Video

    View Historical Real Estate Statistics.

    Get granular on real estate statistics with interactive charts encompassing the length of active, new, and additional metrics.

    Usage Terms

    You may share and republish NWMLS’s Market Snapshot Video, interactive charts, and infographics on websites, blogs, and social media. Any use of NWMLS’s statistical charts or infographics must include the logo that is displayed on the graphics and the following attribution: “Information and statistics compiled and reported by the Northwest Multiple Listing Service.” You may not alter or otherwise modify NWMLS’s Market Snapshot Video, interactive charts, and infographics. Derivatives of NWMLS’s housing marketing statistics may not be published, broadcast, rewritten or redistributed without prior written permission.

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