Seattle s population is 3.9M, with a total workforce of 2.1M. The labor market grew by 64,100 jobs over the past year, up by 3.1%. The median household income in Seattle is $89,918, 2.3% higher than last year and 42.3% above the national average of $63,179.
In the housing market, total permits issued totaled 26,254 over the last twelve months, up 6.6% year-over-year. Seattle has 372 active new home projects on the market, 15.8% fewer than the 442 from last year. The average list price in the market is $681,400, 3.0% higher than last year and 95.7% above the national average. Over the last three months, new home contracts increased by 23.6% to 2,099. Seattle and Bothell had the highest concentration of the new home contracts in the Seattle market.
