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High Prices Continue to Challenge Market Affordability

In November 2024, the median price of single-family homes and condos reached $837,350 in King County and $760,000 in Snohomish County. Single-family homes alone saw a 4% increase in King County, rising from $885,500 to $925,000, and an 8% increase in Snohomish County, climbing from $725,000 to $784,975.

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The MBA held its annual Hill Day in Olympia last Wednesday, February 8, providing an opportunity for members to advocate for our top-priority housing issues. Twenty-five members and Government Affairs staff met with over 30 King and Snohomish county-based legislators throughout the day.

Members discussed our core issues with senators and representatives, including the need to restore vested development rights, improve the process for measuring buildable land supply, find a path forward for permit-exempt wells in the wake of the Supreme Court's Hirst decision, and support workforce development.

MBA members also shared with legislators our new housing attainability piece, describing steps needed to bring housing supply more in line with our region's strong demand.

During the lunch break, Rep. Joe Fitzgibbon (34th District) met with the MBA to provide a legislative update. Fitzgibbon is sponsoring a bill, HB 1862, backed by the MBA, that would allow final subdivision plat approvals to be conducted administratively.

Thanks to all our members who participated and helped make sure our association's voice is heard in Olympia!

By Aaron Kunkler, Redmond Reporter

Willows and Rose Hill neighborhoods expanded following last week’s Redmond City Council meeting, when 54 acres of unincorporated King County were annexed into the city.

The area annexed is located along 132nd Avenue Northeast, is flanked to the west by the City of Kirkland, and is surrounded on the other three sides by Redmond.

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