...the median isn’t much lower. It’s a 14.2 percent hike from 2020. Counting condos, the cost dips a bit (to $750,000). Either way, clearly there are no bargains to be found around here.

106.6%: The average sale-to-list price ratio in King County

This stat shows just how far people were willing to go to lock down homes last year. People routinely offered way “above asking.” At this rate, a home listed for $750,000 would fetch just under $800,000 at closing time. That’s on average; the comment-section anecdotes you see online aren’t outliers. Real estate agents aren’t modest in their initial postings, either: Keep in mind this is what you’re looking at when a home is listed at a mere half-mil around here.

38,506: The number of homes sold in King County

Sales volume rose by nearly 16 percent last year. Sure, the shutdowns of 2020 contributed to the increase, but housing activity came roaring back during the latter part of that year. Continuing that pace into 2021 was hardly a given amid the uncertainty of a pandemic and rising prices.

0.27: Months of home inventory in King County in December 2021

Good luck in 2022, home shoppers. Properties came off the market ridiculously fast in 2021, but the low point, inventory-wise, came at the very end of the year. Expect competition to be fierce in the months to come.


https://www.seattlemet.com/home-and-real-estate/2022/01/how-expensive-is-a-house-in-seattle-bellevue-redmond-washington