By MBAKS Senior Policy Analyst Allison Butcher

Region Sees Continued Decline in Supply of Homes for Sale

Housing data highlighted in the latest Builder's Bulletin show our region continues to face a severe inventory shortage, with only 1.14 months' supply of homes for sale in Snohomish County and less than one months' supply in King County. The November median price of single family homes and condos rose more than 15 percent year-over-year in both King and Snohomish counties.

The Builders' Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

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This week, new member Austin of Merit Engineering tells us how the MBA will help grow his business.

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By Economic Development Council

The Master Builders Association of King and Snohomish Counties (MBA) is the nation's oldest and largest local homebuilders association. The MBA serves every area of the residential homebuilding industry and the EDC was able to get the inside scoop from Shannon Affholter, Executive Director on the organization's services and long-term goals.

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