This may be good news for all homeowners in King County.
Jake Chapman, KIRO 7 NewsResidential property values in King County are expected to go down in 2024. The King County Assessor’s initial report suggests places like Queen Anne could see an 8% reduction, while places east of Lake Washington like Sammamish could see values decrease up to 22%.
“Especially for people who have paid their house off in full. And maybe people that are retired,” Fortune said. While this may be good news for all homeowners in King County, Wilson says factors like inflation and interest rates still can impact people buying or selling their homes.
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