Contact: data@mbaks.com

Puget Sound Region Sees Population Growth and Housing Demand

As of April 1, 2024, the Puget Sound region's population reached 4,483,900, reflecting an increase of 46,800 residents over the past year. This growth was primarily driven by King County, which added 30,300 people, followed by Snohomish County with 7,300, Pierce County with 6,300, and Kitsap County with 2,900 new residents.

This population surge underscores the urgent need for expanded housing options in the region. As more people move to Puget Sound, the demand for diverse and affordable housing solutions becomes increasingly critical.

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By MBAKS Senior Policy Analyst Allison Butcher

Region Sees Continued Decline in Supply of Homes for Sale

Housing data highlighted in the latest Builder's Bulletin show our region continues to face a severe inventory shortage, with only 1.14 months' supply of homes for sale in Snohomish County and less than one months' supply in King County. The November median price of single family homes and condos rose more than 15 percent year-over-year in both King and Snohomish counties.

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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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