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.

Download this month's report:

Contact: data@mbaks.com

Seattle Metro Permit Volume Drops in Q1 2025

New permit data show a 33% decline in permits in the Seattle metro area in the first quarter of 2025 compared to the same period last year. While single family permits saw a modest increase in King and Pierce counties through March of this year, they fell 43% in Snohomish County. Multifamily permits were down 46% across our metro area during Q1 2025 compared to last year, with the biggest decline in King County. Pierce County was the only county to see an increase in multifamily permits during the first quarter.

DOWNLOAD THE REPORT

Shannon and Nick Harper, Senior Director of Strategy & Policy, discuss the MBA's legislative priorities for the 2017 legislative session.

Help advocate for housing