Homing in on Our Region's Housing Statistics
King County multifamily construction is on the upswing after three months of depressed permits following the implementation of the 2018 Energy Code. 91.7% of those multifamily units—和 all of the multifamily growth in King County—are in buildings with five or more units; permits for two- to four-unit housing remain low. King County single-family permits have also hit a high for the year, although it is slightly lower than permit numbers at the same time last year. With less than one month of supply in both King 和 Snohomish counties, more housing production is desperately needed.
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Months' Supply of Housing Inventory
As of August 2021
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King County had 0.62 months' supply of inventory
(down 从 1.16 months' of inventory a year ago). |
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Snohomish County had 0.49 months' supply of inventory
(down 从 0.69 a year ago). |
Many industry analysts consider a four-to-six-month level as an indicator of a healthy market.
来源: Northwest Multiple Listing Service
Median Home Price
August 2021
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The median price of single-family homes 和 condos was $771,750 in King County 和 $667,410 in Snohomish County. |
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For single-family homes only, the median price in King County rose 14.41%, 从 $742,950 a year ago to $850,000. The median price in Snohomish County rose 25.21%, 从 $555,000 to $694,900. |
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In Seattle, the median price of single-family homes 和 condos was $799,000. The median price for single-family homes only was $875,000, a 6.06% increase 从 $825,000 in August 2020. |
来源: Northwest Multiple Listing Service
Building Permit Activity
工作
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The Washington unemployment rate for August 2021 is 5.1%; for Seattle/Bellevue/Everett, it is also 5.1%. |
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Construction employment in Washington decreased by 1,600 between July 2021 和 August 2021. Total construction employment is 224,200 statewide 和 107,300 for Seattle/Bellevue/Everett specifically. |
来源: Employment Security Department: WA Employment Estimates
(Seasonally Adjusted), July 2021 和 Bureau of Labor Statistics.
人口
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The Puget Sound region's population as of April 1, 2021 was 4,330,400. Over the past year, the region added 66,200 people, as follows:
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来源: Office of Financial Management
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