August 2022 King County NWMLS Market Update 📊⁣⁣⁣

📈 Buyers continue to have more opportunities with increased inventory levels—Inventory was up over 167.74 percent in King County from a year ago.

📈The August median sales price in King County was up 5.6 percent year-over-year.

📈The median sales price in Seattle for single family homes was up nearly 6 percent from last year.

📈 There were 77 new condos listed and 47 closed sales in Area 701 (Belltown, Downtown, Pioneer Square, and part of South Lake Union).
💬 Please reach out if you have any questions or would like to chat about navigating the market. We’re ready to help and lend our expertise.⁣⁣⁣

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