By MBAKS Senior Policy Analyst Allison Butcher

The number of homes for sale in King and Snohomish counties was up in July compared to June, which has eased price increases somewhat. While this is good news for buyers, the 1.57 months’ supply of inventory in King County and 1.45 months’ supply in Snohomish County are still well below the four-to-six month level considered to be an indicator of a healthy market.

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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By MBAKS Senior Policy Analyst Allison Butcher

June housing data from the Northwest Multiple Listing Service show a growing inventory of homes for sale, with 1.34 months’ supply available in both King and Snohomish counties. This marks the first time the housing measure has exceeded one month’s supply since September 2020 in King County and May 2020 in Snohomish County. While this moves us toward greater balance in the market, many analysts consider a four-to-six-month level as an indicator of a healthy market.

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This week, Bob Smith from Advanced Insurance Solutions shares why he's been an MBAKS member for 28 years.

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