Contact: data@mbaks.com

Following typical seasonal trends, the real estate market has been picking up, with similar trends predicted into the Summer. For single-family homes, the median price in King County saw a 12% rise, climbing from $875,000 last year to $980,000. Similarly, in Snohomish County, the median price increased by 4%, going from $767,500 to $799,950.

Read the full May Builders Bulletin:

By MBAKS Senior Policy Analyst Allison Butcher

The Washington unemployment rate for August showed some improvement on a monthly basis, moving to 8.5%, compared to 10.2% the previous month. The Seattle/Bellevue/Everett unemployment rate fell from 8.2% in July to 7.4% in August. Twelve months ago the unemployment rate in Snohomish County was 3.0%, and 2.7% in King County. The August 2020 Monthly Employment Report marks the sixth month since the impacts of COVID-19 started showing up in the local labor market.

The Builder's 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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This week, Shannon talks to Eric Drivdahl with Gelotte Hommas Architecture about this year's Gingerbread Village, an annual event held at the Sheraton to benefit Juvenile Diabetes Research Foundation Northwest Chapter.

More about Gingerbread Village