The final numbers for 2022 won’t be available until early next year, once December’s housing market stats are officially in. But we can at least reminisce on the unruly real estate market that marked these past 12 months.
Inventory hit historic lows
In January, data from Northwest Multiple Listing Service showed that homes for sale were “virtually sold out,” as J. Lennox Scott, CEO of John L. Scott Real Estate, put it. There were less than two weeks of active listings in King County to kick off the year. Inventory rebounded by the end of the year as the market cooled, hitting more than three months
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