By MBAKS Senior Policy Analyst Allison Butcher

Low Inventory Driving Home Prices Up

The latest Builder's Bulletin for February 2017 shows a continued decline in the inventory of homes for sale in King and Snohomish counties and prices still on the rise. According to the Northwest Multiple Listing Service, in December 2016, both counties had less than a months' supply of inventory, far below the four to six month level considered by many industry analysts as an indicator of a healthy market. Meanwhile, the December median home price for single-family homes and condos was up 12.2 percent year-over-year in King County and 12.4 percent in Snohomish County.

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.

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Contact: data@mbaks.com

April 2026 Builders Bulletin
The April Builders Bulletin includes data from the January jobs report recently released by the Employment Security Department. Washington’s unemployment rate for January was 5.0% while the Seattle region’s rose to 5.2%. That is up from 4.4% and 4.3% respectively a year ago. Meanwhile, the Housing Market Index, which measures builder confidence, held steady at 30 in the Western region as of March.

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This week, new member Nils Christian, METIS Construction Inc., tells us how his company takes advantage of member benefits like GRIP and the MBA Health Trust.

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