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Housing Market Shows Modest Inventory Gains Amid Rising Prices and Slowing Construction

Housing inventory in King and Snohomish counties improved slightly in March 2025 but remains below healthy market levels, with King County at 1.9 months' supply and Snohomish County at 1.4. Median home prices continued to rise, reaching $977,500 in King County and $790,000 in Snohomish County for single-family homes. Builder confidence declined sharply, with the national Housing Market Index falling 22% year over year to 40 and the Western regional index at 35. Construction activity also slowed, as single-family and multifamily permits in the Seattle metro area fell 6% and 5% respectively compared to last year, and Washington’s construction employment dropped by over 12,000 jobs.

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By Joshua McNichols, KUOW

As you head east to Snoqualmie Pass on Interstate 90, lush green forests line the freeway.

That land has been protected from development. But sometimes communities believe they need development to thrive.

The question of when to grow—and when to restrict growth—can lead to hard decisions.

This week, Shannon is at Sun Mountain Lodge at the MBA Membership Trip, speaking with Nancy Grygorowicz-Davis, director of marketing & events at the MBA, about MBA events.

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