By MBAKS Senior Policy Analyst Allison Butcher

Home Prices Continue Upward Climb

Median single family home prices surged nearly 14 percent in King and Snohomish counties in June compared to a year ago, according to the Northwest Multiple Listing Service (MLS). The median price was $653,000 in King County and $450,000 in Snohomish County. In Seattle the median single family home price rose 12.53 percent to $750,000.  Meanwhile, with 0.84 months’ supply of housing inventory, King County continued to have the tightest inventory of the 23 counties in the Northwest MLS market area. 

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:

Media Contact:
Nona Raybern, PR & Media Manager
Master Builders Association of King and Snohomish Counties
p 425.457.7067
m 425.208.6308

COVID-19 Safety Toolkit Released for Construction Restart

Master Builders Association of King and Snohomish Counties develops a safety packet with templates for builders to resume work during COVID-19 crisis

BELLEVUE, Wash—April 24, 2020—Today, Governor Jay Inslee announced a plan to immediately restart some residential construction that can be done safely. The plan is based on recommendations unanimously agreed to by a workgroup formed by the Governor, consisting of construction industry and labor leaders. Based on the Governor’s announcement and this framework, MBAKS has created a safety toolkit designed to create and maintain a safe working environment upon return to construction projects.

“We have an obligation to help our workforce and our community stay safe as residential construction restarts,” said MBAKS Executive Director Kat Sims. “We are providing this toolkit simply because the safety of everyone who returns to work in this climate carries the highest importance.”

The Phase 1 toolkit includes safety plans for job sites—including policies regarding control measures related to safe distancing, hygiene, sanitation, etc.—and plans for jobsite cleaning and disinfecting, OSHA recordkeeping, and other safety information.

The toolkit also includes English- and Spanish-language signage and posters to be posted at job sites, and identifies specific duties given to onsite supervisors or managers who will oversee the compliance of safety protocols. Guidance on weekly meetings for procedures and expectations is included in the toolkit, along with daily checklists and safety data sheets.

MBAKS has created this toolkit alongside our existing COVID-19-dedicated website, which provides resources on where businesses can find safety equipment—PPE, handwashing stations, etc.—and resources pertaining to jurisdictions and utilities.

More information on this release: mbakscovid19.org/phase-1-toolkit

Founded in 1909 and headquartered in Bellevue, Washington, the Master Builders Association of King and Snohomish Counties (MBAKS) is the nation’s oldest and largest local homebuilders association. Like our founders, our members continue to take a leading role in all facets of homebuilding and support the planning for a growing region. From new technology to advances in sustainability and from collaborative public policy efforts to investing in our communities, our commitment to a thriving, inclusive, and well-planned region never wavers. We are the professional homebuilders, architects, remodelers, tradespeople (carpenters, framers, roofers, plumbers, electricians), planners and engineers, suppliers, manufacturers, and sales and marketing professionals in your community who believe everyone deserves access to a healthy and productive place to call home.

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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