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Built by Blue Sound Construction, designed by MaKe Design, photos by Alex Hayden

January 2019 Builder's Bulletin: Housing Supply Up, But Still Short of Healthy Market Territory

Posted on Dec 21, 2018 in:
  • Builder's Bulletin

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:

Jan 19 Builder's Bulletin

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Photo courtesy Blue Sound Construction, builder; MaKe Design, architect; and Alex Hayden, photographer