By MBAKS Senior Policy Analyst Allison Butcher

In May, the median home price rose to $775,000 in King County and $655,000 in Snohomish County, up 23.6% and 32.86% respectively from a year ago. The low inventory of homes for sale plus high demand continues to put upward pressure on home prices.

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, State of the Cities Data Systems, Office of Financial Management, and the Washington State Employment Security Department.

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Shannon and Nick Harper, senior director of strategy & policy, discuss our progress in advancing the MBA's legislative priorities, from addressing the Supreme Court's Hirst decision to expanding career and technical education.

See how you can advocate for housing

By MBAKS Senior Policy Analyst Allison Butcher

According to the Northwest Multiple Listing Service, May was the first time King County had more than a month's supply of homes for sale since September 2017. It was only the third time since October 2016. However, this is still far below the four-to-six month level that many industry analysts consider as an indicator of a healthy market.

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, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report: