By MBAKS Senior Policy Analyst Allison Butcher

Housing Demand Continues to Outpace Supply

The September Builder's Bulletin shows signs that our region's housing supply and demand continues to be out of balance, with housing inventory for sale hovering around one-month's supply in King and Snohomish counties and home prices still on the rise. The median price of single family homes in King County rose 18.56 percent year-over-year in July to $658,000. The median price in Snohomish County rose 11.87 percent to $453,085.

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, U.S. Census Bureau, Office of Financial Management and the Washington State Employment Security Department.

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