Contact: data@mbaks.com

King County is now joining nearby counties, such as Snohomish and Pierce, that have seen home prices dropping for months. Reflective in the latest data from The Northwest Multiple Listing Service showing cooling prices, it is now apparent that homebuying and listing for homes and condos has decreased. The median price of single-family homes and condos was $760,000 in King County and $680,000 in Snohomish County.

Read the full April Builders Bulletin:

Contact: data@mbaks.com

While home prices are falling month-over-month, they are still higher than where they were a year prior. In King County, single-family median home prices are up 12.22% from November 2021, and in Snohomish County they are up 5%.

Download this month's report:

The MBA held its annual Hill Day in Olympia last Wednesday, February 8, providing an opportunity for members to advocate for our top-priority housing issues. Twenty-five members and Government Affairs staff met with over 30 King and Snohomish county-based legislators throughout the day.

Members discussed our core issues with senators and representatives, including the need to restore vested development rights, improve the process for measuring buildable land supply, find a path forward for permit-exempt wells in the wake of the Supreme Court's Hirst decision, and support workforce development.

MBA members also shared with legislators our new housing attainability piece, describing steps needed to bring housing supply more in line with our region's strong demand.

During the lunch break, Rep. Joe Fitzgibbon (34th District) met with the MBA to provide a legislative update. Fitzgibbon is sponsoring a bill, HB 1862, backed by the MBA, that would allow final subdivision plat approvals to be conducted administratively.

Thanks to all our members who participated and helped make sure our association's voice is heard in Olympia!