King County Sees 71.3% Surge in Inventory as Sales Only increase by 0.7%
Posted by Cary W Porter on
King County Sees 71.3% Surge in Inventory as Sales Only increase by 0.7%
Market Recap
In addition to the 71.3% increase in listings for sale in King County, Broker showings dropped when compared to the same timeframe last year. This was a year-over-year decrease of 5.4% from the number of showings in April 2024. Days on market are also creeping up to around 28 days on the greater eastside.
Even some of the hottest markets like Sammamish are now projected to have a 2.4% decline in prices over the next 12 months according to Zillow.
Redfin reports that Seattle leads all major U.S. metropolitan areas in concessions for home buyers as the trend continues to escalate nationally.
Home sellers gave concessions to buyers in a whopping 71.3%…
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