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FTA: King County’s condo market, which has been suffering for years, took the biggest thrashing. In November, the median condo sale price fell to $507,880 — a 10% drop compared to a year ago, according to data released by the Northwest Multiple Listing Service on Wednesday. That’s the largest year-over-year drop since February 2023, when the market cooled off significantly after a pandemic buying frenzy. “It’s not a product type you want to own right now,” said Lindsey Gudger, owner and designated broker of Seattle-based Every Door Real Estate. “From a seller perspective, there is not a harder product to exit.” submitted by /u/routinnox |
