Seattle s population is 3.9M, with a total workforce of 2.0M. The labor market grew by 67,400 jobs over the past year, up by 3.3%. The median household income in Seattle is $84,039, 2.3% higher than last year and 36.9% above the national average of $61,372.
In the housing market, total permits issued totaled 25,032 over the last twelve months, down 6.4% year-over-year. Seattle has 385 active new home projects on the market, 5.2% more than the 366 from last year. The average list price in the market is $637,974, 1.2% higher than last year and 104.0% above the national average. Over the last three months, new home contracts increased by 26.5% to 1,802. Seattle and Puyallup had the highest concentration of the new home contracts in the Seattle market.