Seattle s population is 3.9M, with a total workforce of 2.1M. The labor market grew by 71,800 jobs over the past year, up by 3.5%. The median household income in Seattle is $85,419, 4.0% higher than last year and 39.2% above the national average of $61,372. In the housing market, total permits issued totaled 26,004 over the last twelve months, down 3.4% year-over-year. Seattle has 319 active new home projects on the market, 5.6% more than the 302 from last year. The average list price in the market is $680,291, 8.3% higher than last year and 119.7% above the national average. Over the last three months, new home contracts decreased by 35.0% to 1,047. Bellevue and Puyallup had the highest concentration of the new home contracts in the Seattle market.
