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High Prices Continue to Challenge Market Affordability

In November 2024, the median price of single-family homes and condos reached $837,350 in King County and $760,000 in Snohomish County. Single-family homes alone saw a 4% increase in King County, rising from $885,500 to $925,000, and an 8% increase in Snohomish County, climbing from $725,000 to $784,975.

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

The following candidates have received an AHC endorsement for the 2020 election cycle. 

Ballots will be mailed out Wednesday, July 15 and are due Tuesday, August 4. 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.

By MBAKS Senior Policy Analyst Allison Butcher

Single family permits in the Seattle metro area were down 14% and multifamily permits down 6% through the end of May, compared to the same period last year. Meanwhile, the supply of homes for sale continues to be very low—just 1.77 months in King County and 1.49 months in Snohomish County during June. These are just some of the housing statistics you’ll find reported on in the latest Builders Bulletin.

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: