Property values in King County drop after peaking in 2022

Initial results from King County's property valuation in 2023 show property values in King County are still affected by the lingering impacts of th...

June 2, 2023
4:48 AM

Initial results from King County's property valuation in 2023 show property values in King County are still affected by the lingering impacts of the COVID-19 pandemic, and are trending downwards after a record-breaking quarter last year. 'COVID changed our lives, and it continues to impact the real estate market,' said King County Assessor John Wilson in a prepared statement. 'In 2021 and 2022, residential prices and values went through the roof due to a major imbalance between supply and demand.

FRANK SUMRALL