Real Estate Market – Market Snapshot March 2024

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 were 8,100 active listings on the market at the end of March 2024, a slight increase of 1.2% when compared to March 2023 (8,007). Although the overall number of homes on the market increased, active inventory decreased in 6 counties, including Adams (-29.17%), Snohomish (-23.15%), Whatcom (-16.82%), Clallam (-10.24%), King (-6.8%), and Kitsap (-4.86%).

Select a county in the chart below to view the available inventory counts in a particular county:

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New Listings

NWMLS brokers added 8,028 new listings to the database in March 2024, a slight increase of 1.6% compared to March 2023, when 7,904 new listings were added.

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

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Pending Sales

There were 7,218 total residential units & condo units under contract in March 2024, a slight increase of around 1% when compared to March 2023 (7,136).

Despite the slight overall increase, there were 6 counties that had more than a 6% year-over-year increase in the number of pending sales, including Okanogan (+29.41%), Clallam (+17.65%), Snohomish (+11.57%), King (+8.25%), Clark, (+8.22%), Lewis (+6.8%), and Adams (+6.67%).

Select a county in the chart below to view the pending sales:

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Closed Sales

March 2024 saw an 11.2% decrease in the number of closed sales transactions year-over-year. The total dollar value of closed sales for residential homes for this month was $3,685,299,238 and was $461,759,636 for condominiums.

Select a county from the chart below to view the number of closed sales:

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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 four counties with the lowest months of inventory in March 2024 were Snohomish (0.8), King (1.23), Pierce (1.39), and Kitsap (1.41).

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Median Price

Overall, the median price for residential homes and condominiums sold in March 2024 was $633,717, up 7.4% when compared to March 2023 ($590,000). The median sales price increased year-over-year in 19 of the 26 counties, with the highest median sales prices in King ($850,000), San Juan ($750,000), and Snohomish ($730,000) counties. The three counties with the lowest median priced homes sold were Pacific ($347,500), Grant ($325,000), and Columbia ($274,000).

Select a county from the chart below to view its median sales price:

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Market Snapshot Video