King County Housing Statistics May 2021
By Dan Edwards 425-276-7008
(Keller Williams Realty - Bellevue)
May showed yet another month of declining inventory and the end result is that with less inventory on the market we continue to have an imbalance of supply and so we find ourselves a market that favors sellers. In May, the number of total active listings in King County dropped by 42.46% from 3,467 to 1,995 YoY. On the Eastside, inventory decreased 63.22% YoY from May of 2020. This level of inventory decrease isn't normal for spring, but there is still less competition for people wanting to sell their homes.Pending sales and closed sales increased from May 2020 in King County and on the Eastside. According to our King County Home Sales Report, pending sales across King County increased 30.41% and Eastside pending sales increased 28.57%. King County closed sales were up 83.24% and on th...