Seattle s population is 3.9M, with a total workforce of 2.0M. The labor market grew by 69,100 jobs over the past year, up by 3.4%. The median household income in Seattle is $83,787, 2.0% higher than last year and 32.6% above the national average of $63,179.
In the housing market, total permits issued totaled 25,504 over the last twelve months, down 1.5% year-over-year. Seattle has 386 active new home projects on the market, 1.5% fewer than the 392 from last year. The average list price in the market is $735,189, 6.6% higher than last year and 145.6% above the national average. Over the last three months, new home contracts increased by 47.8% to 1,771. Seattle and Bonney Lake had the highest concentration of the new home contracts in the Seattle market.