By MBAKS Senior Policy Analyst Allison Butcher

The median home price of single-family homes and condos in King and Snohomish counties fell month-over-month in July. The median home price went from $637,675 to $625,000 in King County and from $488,950 to $480,000 in Snohomish County, comparing June to July. The July median home price in Snohomish County is up 3.23% compared to a year ago and down 0.64% from last year in King County.

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

Data from the Northwest Multiple Listing Service show the month’s supply of housing inventory for sale continuing to decline in King and Snohomish counties. In November, King County had 0.93 months’ supply of inventory, down from 0.99 the previous month, and 1.39 months’ of inventory a year ago. Even more concerning, Snohomish County had just 0.38 months’ supply of inventory in November, down from 0.49 the prior month and 1.27 a year ago.

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.

Download this month's report:

By Erich Armbruster, Ashworth Homes, The Lens News

One of the biggest challenges facing our region is a lack of attainable housing, especially near job centers. Continued growth is driving the demand for more housing and the strong demand is outpacing supply, causing home prices and rents to soar. This is making housing increasingly out of reach for families and workers and threatening our area’s quality of life.

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