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:

Each election cycle, our Affordable Housing Council (AHC) interviews candidates at the city, county, and state levels to determine their degree of support for housing.

The following candidates have received an AHC endorsement for the 2023 election cycle.

Ballots are due Tuesday, November 7. Your vote in support of AHC-endorsed candidates will go a long way toward affecting the outcome of these critical races.

For dropbox locations, ballot questions, and more, visit King County Elections or Snohomish County Elections.

Endorsements as of October 19, 2023.

This week, find out why GRIP is the fastest growing workers' comp program in the state.

See if you qualify