By MBAKS Senior Policy Analyst Allison Butcher

The number of homes for sale in King and Snohomish counties was up in July compared to June, which has eased price increases somewhat. While this is good news for buyers, the 1.57 months’ supply of inventory in King County and 1.45 months’ supply in Snohomish County are still well below the four-to-six month level considered to be an indicator of a healthy market.

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.

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The Building Industry Association of Washington has received a 2018 City Champion Award in the Partners for Progress category from the Association of Washington Cities (AWC).

The award was given to BIAW and other partners, including MBAKS and several of its members, for finding common ground to help pass Hirst and Foster “fix” legislation and for efforts to ensure city challenges were expressed throughout the process.

“This award recognizes the unique partnerships created to address the complex water resource issues that faced our state these past few years,” the AWC announced.

BIAW President Kevin Russell says of the award, “We are honored to be an AWC award recipient along with all of the other partners. BIAW is pleased that we were able to find common ground and a mutually agreed to fix for the Hirst and Foster decisions.” 

“The importance of the Hirst Fix cannot be overstated,” adds MBAKS Interim Director of Government Affairs Mike Pattison. “Without the hard work of so many dedicated partners, entire family savings and hopes would have been wiped out.”

Read the full press release

Contact: data@mbaks.com

While home prices are falling month-over-month, they are still higher than where they were a year prior. In King County, single-family median home prices are up 12.22% from November 2021, and in Snohomish County they are up 5%.

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