MONTHLY MARKET SNAPSHOT

Real Estate Market

  • November 2024 Overview

    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 23.4% increase in total number of properties listed for sale year-over-year, with 12,558 active listings on the market at the end of November 2024, compared to 10,177 at the end of November 2023. When compared to last month, active inventory decreased by 2,237 listings (-15.1%), down from 14,795 in October 2024.

    The number of homes for sale year-over-year increased throughout the NWMLS coverage area, with 23 out of 26 counties seeing a double-digit year-over-year increase. The counties with highest year-over-year increases in active inventory for sale were Grant (+46.9%), Clark (+46.7%), Clallam (+40.4%), Kittitas (+39.7%), Chelan (+33.6%), and Island (+33.3%).  

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

    New Listings

    NWMLS brokers added 4,768 new listings to the database in November 2024, an increase of 3.8% compared to November 2023 (4,595). When compared to last month, new listings decreased by 38.3%, down from 7,726 listings added in October 2024.

    The six counties with the largest increase in the number of new listings added to the NWMLS database last month were Clallam (+40.4%), Whatcom (31.6%), Skagit (+30.4%), Clark (+30.2%), Kittitas (+26.7%), and Mason (+26.1%).   

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

    Pending Sales

    There were 5,516 residential units & condo units under contract in November 2024, an increase of 17.9% when compared to November 2023 (4,678). When compared to last month, the number of pending listings decreased by 23.4%, down from 7,199 listings under contract in October 2024.

    20 out of 26 counties saw a year-over-year increase in the number of pending listings, with the highest year-over-year increases in Clark (+50%), Skagit (+40.6%), Mason (+38%), Grant (+33.3%), Pacific (+31.3%), and Pierce (+30%).

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

    Closed Sales

    The number of closed sales increased by 24.7% year-over-year (5,446 in November 2024 compared to 4,367 in November 2023). 21 out of 26 counites saw an increase in the number of closed sales year-over-year. The total dollar value of closed sales in November 2024 for residential homes was $3,883,768,625 and was $428,244,300 for condominiums ($4,312,012,924 in total), an increase of 31.7% when compared to November 2023.

    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 and a half months (2.31) to sell every home that is active in the NWMLS inventory. The six counties with the lowest months of inventory in November 2024 were Snohomish (1.37), Kitsap (1.72), King (1.91), Thurston (1.99), Pierce (2.10), Clallam (2.39), and Skagit (2.52).

    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 November 2024 was $645,000, an increase of 7.3% when compared to November 2023 ($601,342). When compared to last month, the median price slightly decreased by .77%, from $650,000 in October 2024.

    The three counties with the highest median sale prices were San Juan ($857,500), King ($837,350), and Snohomish ($760,000), and the three counties with the lowest median sale prices were Ferry ($209,900), Columbia ($262,000), and Adams ($309,150).

    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.

    Historical Stats

    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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