Contact: data@mbaks.com

In November 2023, real estate trends in the Pacific Northwest revealed shifts in median home prices. According to the latest data, King County experienced a substantial 7% surge in the median price of single-family homes, rising from $827,000 in the previous year to a current value of $885,500. Meanwhile, Snohomish County witnessed a 4% increase in single-family home prices, elevating the median from $700,000 to $725,000. The overall median price, with both single-family homes and condos, stood at $799,925 in King County and $703,635 in Snohomish County. This upward price trajectory can be attributed to the dwindling housing inventory, underscoring the increased demand for homes in the area.

Read the full December Builders Bulletin:

Contact: data@mbaks.com

The construction sector in Washington showed significant growth, with an increase of 5200 jobs between April 2022 and April 2023. The total employment in construction statewide reached 236,800, underscoring the industry's importance and contribution to the state's economy. Unemployment overall has remained low, with a rate of 3% in the Seattle/Bellevue/Everett area.

Read the full June Builders Bulletin:

By the Everett Herald

Members of Master Builders Association of King and Snohomish Counties, Professional Women in Building Council, and AAA KARTAK on Sept. 30 volunteered to rake, measure, dig, and plant around the future homes of low-income families at Housing Hope’s Main Street project in Monroe.