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.

Download this month's report:

I don't know if you heard, but urbanists are developer shills. At least that's the common conception. In reality, many of us quite critical of certain developers and projects, while recognizing that absolute opposition to developers would get us nowhere. If developers are evil, they're a necessary evil—at least until we rise up, seize the modes of production, and turn Seattle into only to a full-blown socialist metropolis in which the government leads a huge construction boom to affordably house everybody.

No sign of the revolution yet, though.

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