This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 3,344,813 (9.9 percent increase since 2000)
Home prices
• Down 16.1 percent from 2008
• Down 22.2 percent from July 2007 local peak
• Up 13.3 percent over last 5 years
• Up 53.9 percent over last decade
Homeownership rate: 61.4 percent (No. 60 among major metros)
Median household income: $61,740
Local unemployment rate: 8.9 percent (up from 4.5 percent in 2008)
Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
How Tenhulzen Remodeling is Managing Succession
Data and information on the Seattle remodeling market