By MBAKS Senior Policy Analyst Allison Butcher

King County’s August median home price of $815,000 stayed relatively flat compared to the previous month, which was $810,000. Snohomish County saw a month-over-month dip in its median home price of single-family homes and condos—from $737,500 in July to $700,000 in August. Year-over-year prices were up 5.6% in King County and 4.9% in Snohomish County.

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Last week's Crab Feed set the stage for a brief discussion on the association's many impactful victories within Snohomish County. Featuring Mike Pattison.

More about our advocacy efforts

By MBAKS Senior Policy Analyst Allison Butcher

The supply of housing inventory for sale in July remained very low in the Seattle market, with 1.13 months’ supply in King County and just 0.73 months’ supply in Snohomish County, according to the Northwest Multiple Listing Service. Meanwhile, single-family permits in the Seattle metro area (including King, Snohomish, and Pierce counties) were down 7% and multifamily permits down by 11% in June, compared to the same period last year.

The Office of Financial Management’s (OFM) annual population projections have been released, showing strong continued growth in Washington. The 2020 estimates indicate Washington’s population grew to more than 7.6 million people as of April 1. The Puget Sound region’s population, including King, Snohomish, Pierce, and Kitsap counties, grew by more than 60,800. According to OFM, most of the population change occurred before the COVID-19 crisis.

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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