Shannon talks to new member Vikram Deol of the Deol Group about MBA events and other member benefits.

Join the MBA

Contact: data@mbaks.com

February Builders Bulletin: Housing Inventory in King and Snohomish Counties Remains Low

In February, builder confidence in the market for newly built single-family homes dropped to 42, a decline of five points from January, marking the lowest level in five months. In the West, the HMI stood at 35. According to NAHB, builder sentiment experienced a significant decline in February due to concerns over tariffs, elevated mortgage rates, and high housing costs.

READ THE FULL REPORT

By MBAKS Senior Policy Analyst Allison Butcher

The median price of single-family homes and condos (combined) was $612,000 in King County and $471,747 in Snohomish County in November 2019, according to the latest numbers from the Northwest Multiple Listing Service. This reflects a year-over-year increase of 1.16% and 4.83%, respectively.

The Builder's 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: