Washington's population is 6.3M, with a total workforce of 3.2M. The labor market grew by 113,200 jobs over the past year, up by 3.6%. The median household income in Washington is $109,142, 1.8% lower than last year and 61.6% above the national average of $67,521.
In the housing market, total permits issued totaled 24,362 over the last twelve months, down 1.5% year-over-year. Washington has 313 active new home projects on the market, 11.1% fewer than the 352 from last year. The average list price in the market is $805,169, 12.8% higher than last year and 78.7% above the national average. Over the last three months, new home contracts decreased by 17.3% to 2,529. Frederick and Ashburn had the highest concentration of the new home contracts in the Washington market.