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King County Single-Family Housing Inventory Hits All-Time Low

According to the Northwest Multiple Listing Service, there were 2,302 active single-family home listings in King County in November 2015. Per Seattle Bubble, that's the lowest monthly inventory that's ever been recorded in the area. So if you were feeling like it was getting really hard to find new homes for sale in your range, now you know why. That number is not only a whopping 24.9 percent decrease from October but also a 37.1 percent decrease from the previous November. Real estate folks like to remind you that there are less buyers this time of year as well and closed sales were also down 24.3 percent from October though the number (1,741) was only 7 percent off last November's mark. One number that is up and keeps going up is the King County median sale price: $499,950, up 13.6 percent YOY. Don't look for condos as too much of a safe refuge, they're up 17.8 percent from $225,000 to $265,000 over the same timeframe.
· NWMLS: Inventory Hits New All-Time Low [SB]