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:

Contact: data@mbaks.com

King County recorded a 1.5 months' supply of housing inventory as of June 2023, indicating a slight increase from the 1.34 months' supply reported in June 2022. Similarly, Snohomish County saw its inventory supply rise to 1.07 months, up from 1.34 months a year earlier. These figures illuminate the ongoing challenges of supply and demand dynamics in the area's housing market. According to many industry analysts, a four- to six-month inventory level is often deemed indicative of a healthy real estate market. Despite the increase, the current supply falls notably short of this benchmark, underscoring the continued pressure on prospective homebuyers and the need for further market adjustments. Read the full August Builders Bulletin.

Read the full August Builders Bulletin:

FOR IMMEDIATE RELEASE
Media Contact:
Caia Caldwell, Public Relations & Media Specialist
Master Builders Association of King and Snohomish Counties
p 425.460.8213
m 717.479.1231

Sen. Palumbo, Matthew Gardner to Speak at Housing Solutions Breakfast

There is growing momentum in Olympia for housing reform in the upcoming 2019 legislative session. Come hear a wide range of views from the Seattle area’s top housing experts as we work to increase housing supply and address our housing affordability crisis. Featuring Sen. Palumbo and chief economist for Windemere Real Estate, Matthew Gardner, the breakfast will include researchers, policy makers, and business professionals. Legislative priorities will be discussed, including condominium liability reform and the establishment of an urban net density standard in residential zones. Sen. Palumbo will make himself available to the media following his presentation. #HousingActionNow

More information on speakers and panelists: mbaks.com/hsb

About MBAKS

Founded in 1909, the Master Builders Association of King and Snohomish Counties has grown to become the largest residential homebuilders association in the United States. With nearly 3,000 member companies, the association is dedicated to membership value, housing advocacy, community service, and financial stewardship throughout the Puget Sound region.