Following a vote of our members of record, MBAKS is pleased to announce the following elected positions on the MBA 2025 Board of Directors:

• First Vice President, Vitaliy Gutsalo of Greencity Development, LLC
• Second Vice President, Tod Sakai, Sockeye Homes
• Secretary, Brenda Nunes of KW Nunes Group
• Associate at Large, Jordan Thayer, Morgan Stanley
• Builder at Large, John Mirante, D.R. Horton by Pacific Ridge Series
• Builder at Large, Mark Chriest, MainVue Homes 

By MBAKS Senior Policy Analyst Allison Butcher

The latest Builder’s Bulletin shows just over two months’ supply of homes for sale in King and Snohomish counties during November. While this is an increase from the less than one months’ supply a year ago, it is still below the four-to-six-month level that many industry analysts consider as an indicator of a healthy market. Median home prices fell month-over-month from $613,509 to $605,000 in King County and rose from $445,000 to $450,000 in Snohomish County.

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:

By Marc Stiles / Puget Sound Business Journal

As the Puget Sound region's economy continues its stratospheric rise, many are asking how we can avoid replicating the worst elements of San Francisco Bay area—specifically its soaring home prices.

With economic trends in Seattle following the Bay Area's like clockwork, it seems inevitable that our region will indeed become more like theirs.