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The housing market in Washington experienced growth, with 24 out of 26 counties reporting a year-over-year increase in available homes. Overall, active property listings in Washington counties covered by NWMLS rose by 41%. The month's supply of housing inventory as of May 2024 is at 1.5 in King County and 1.2 in Snohomish county.

Read the full June Builders Bulletin:

By MBAKS Senior Policy Analyst Allison Butcher

King and Snohomish counties ended 2020 with higher year-over-year median home prices amid continued tight supply of housing inventory for sale. The December 2020 median home price for single-family homes and condos was $676,000 in King County and $535,000 in Snohomish County, an increase of 9.92% and 8.08% respectively, compared to December 2019.

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.

Download this month's report:

By MBAKS Senior Policy Analyst Allison Butcher

Home Prices Up Amid Continued Inventory Crunch

King and Snohomish counties continue to have less than one month's supply of housing inventory for sale. Our region's low supply coupled with strong demand is driving up home prices. The latest market summary from the Northwest Multiple Listing Service shows median home prices are up 14 percent year-over-year in both counties during February.

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: