Shannon and Nick Harper, senior director of strategy & policy, discuss our progress in advancing the MBA's legislative priorities, from addressing the Supreme Court's Hirst decision to expanding career and technical education.

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Contact: data@mbaks.com

The median price for single-family homes and condos surged to $820,000 in King County and $715,000 in Snohomish County. In King County, the median price for single-family homes rose by 14% to $914,500, compared to last year. Similarly, Snohomish County witnessed a 9% increase, with the median price climbing to $750,990. These increases reflect a broader trend: the median sales price of homes increased in 19 out of 26 counties and decreased in 7 counties relative to February 2023.

Read the full March Builders Bulletin:

By MBAKS Senior Policy Analyst Allison Butcher

Data on jobs released by the Puget Sound Regional Council recently show the four-county region added 362,800 jobs between 2010 and 2017. At this pace, the region continues to add more than three jobs for every housing unit, placing continued strong demand on housing.

As this month’s Builder’s Bulletin shows, we’re seeing more of the same with a very low inventory of homes for sale and rising home prices in King and Snohomish counties. Meanwhile, King, Snohomish, and Pierce counties experienced a 32 percent decrease in multifamily permits the first two months of this year, compared to the same period last year. Single family permits are up 10 percent in King and Pierce counties and down 22 percent in Snohomish County.

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, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report: