Contact: data@mbaks.com

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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By MBAKS Senior Policy Analyst Allison Butcher

Building Permits Up in Pierce County

Pierce County is experiencing an uptick in permit activity this year, unlike King and Snohomish counties where permits remain flat or down compared to the same period last year. Specifically, single family permits are up 17 percent in Pierce County, while multifamily permits are up 93 percent through September.

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, Shannon talks to Kimberley Martin with Cyneburg Services about the benefits of networking at MBAKS.

Upcoming opportunities to network