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January Builders Bulletin: Housing Inventory in King and Snohomish Counties Remains Low

Despite Increase As of December 2024, the housing inventory in King County stood at 1.6 months’ supply, a slight increase from 1.4 months in December 2023. Similarly, Snohomish County experienced a rise in housing inventory, reaching 1.1 months’ supply, up from .9 months the previous year. While these numbers reflect a modest improvement, they remain well below the four- to six-month supply level that many industry analysts consider indicative of a healthy market.

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King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. These figures illuminate the ongoing challenges of supply and demand dynamics in the area's housing market. According to many industry analysts, a four- to six-month inventory level is often deemed indicative of a healthy real estate market. Despite the increase, the current supply falls notably short of this benchmark, underscoring the continued pressure on prospective homebuyers and the need for further market adjustments. Read the full August Builders Bulletin.

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Shannon talks to Jenny Steiner, Builders Interiors, about her company and how their MBA membership helps them continue to grow.

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