Seattle's population is 3.9M, with a total workforce of 2.0M. The labor market grew by 78,300 jobs over the past year, up by 3.9%. The median household income in Seattle is $81,996, 4.3% higher than last year and 33.6% 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 310 active new home projects on the market, 4.0% more than the 298 from last year. The average list price in the market is $679,878, 6.4% higher than last year and 112.5% above the national average. Over the last three months, new home contracts decreased by 31.2% to 1,036. Puyallup and Lynnwood had the highest concentration of the new home contracts in the Seattle market.