Seattle s population is 4.0M, with a total workforce of 2.1M. The labor market grew by 32,300 jobs over the past year, up by 1.6%. The median household income in Seattle is $89,997, 2.4% higher than last year and 42.4% above the national average of $63,179.
In the housing market, total permits issued totaled 26,693 over the last twelve months, up 14.8% year-over-year. Seattle has 335 active new home projects on the market, 23.7% fewer than the 439 from last year. The average list price in the market is $644,299, 5.7% lower than last year and 100.5% above the national average. Over the last three months, new home contracts increased by 12.8% to 2,582. Seattle and Bothell had the highest concentration of the new home contracts in the Seattle market.
