Housing Market Snapshot for Febraury 2024 from the NWMLS

Housing Market Snapshot for Febraury 2024

The team's blog tends to focus statistics on the Snohomish County housing market. However, to give a broader view of the housing market for consumers, here are the North Northwest Multiple Listing Service's February 2024 in their Market Snapshot. The snapshot article covers the following categories:

Housing Inventory
New Properties for Sale
Pending Sales
Closed Sales
Months of Available Inventory
Median Closed Price
Median Closed New Construction Price
Total NWMLS Members

Below are two formats to choose from: video and text + images.

Video: February 2024 Housing Statistics

Images and Text: February 2024 Housing Statistics

February 2024: Available Inventory 1.79 Months of Inventory 7,495 Active Listings in Database +3.6 from February 2023
February 2024: New Listings 6,513 New Listings Added +24.5% from February 2023
February 2024: Pending Sales 5,945 Total Units 5,089 Residential Units 856 Condo Units -4.6% from February 2023
February 2024: Closed Sales $3,161,754,302 Total Dollar Value $2,772,859,503 Residential Home Value $388,894,799 Condo Value
February 2024: Available Inventory February 2023 was 1.70 February 2024 was 1.79 +5.3% from February 2023
February 2024: Median Closed Price $608,111 Median Closed Price +5.8% from February 2023
February 2024: New Construction $730,000 Median Sales Price
February 2024: NWMLS Membership 32,220 Total NWMLS Members 2,570 Total NWMLS Member Offices