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:

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, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

Download this month's report:

Master Builders Association of King and Snohomish Counties (MBKAS) has once again partnered with Gelotte Hommas Drivdahl Architecture (GHDA) to produce a project for Gingerbread Village—on display now through January 1, 2025 at the Sheraton Grand Seattle.

This year’s theme is Iconic Destinations. Our project is “Vive La Paris." The display showcases many recognizable Paris landmarks and offers a few special surprises you won’t want to miss.

Project lead Eric Drivdahl designed and constructed this year’s gingerbread project with help from his talented team at GHDA and a dedicated group of volunteers.

Special thanks to MBAKS’ Mike Pattison and Allison Butcher who contributed many hours to the project and Amber Snellgrove for crafting fondant characters for the display; Joe White of Corner 2 Corner Builders Llc for building the bases for our project; MBAKS 1^st Vice President Jennifer Tennyson for volunteering during the construction phase; and our Breakthrough T1D Elf Lina and her family for their help and support from developing the design to the reveal day ceremony.

Support Breakthrough T1D and Diabetes Research
While this event is free, a $5 donation is recommended, and all proceeds go to Breakthrough T1D (formerly JDRF). You can donate online by voting for your favorite project. Please vote for Paris, France/Elf Lina to help support this great cause.

Visiting Gingerbread Village
Add to your holiday fun list by visiting our project! Viewing hours are 9am to 9pm Sunday through Thursday, and 9am to 11pm Friday and Saturday between now and New Year’s Day.