By MBAKS Senior Policy Analyst Allison Butcher

Supply of Homes for Sale Struggling to Keep Up with Demand

With our region's continued strong demand for housing, King and Snohomish counties' supply of housing inventory for sale fell to just three weeks. That is notably low in light of the fact that many analysts consider a four-to-six month level as an indicator of a healthy market. Meanwhile, both counties continued to see double-digit, year-over-year single family home price increases, reaching $425,000 in Snohomish County and nearly $600,000 in King County during March. In Seattle, the median single family home price rose to $700,000.

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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

This week, Shannon talks to Eric Drivdahl with Gelotte Hommas Architecture about this year's Gingerbread Village, an annual event held at the Sheraton to benefit Juvenile Diabetes Research Foundation Northwest Chapter.

More about Gingerbread Village

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.

See how you can advocate for housing