Washington s population is 6.3M, with a total workforce of 3.4M. The labor market grew by 32,800 jobs over the past year, up by 1.0%. The median household income in Washington is $103,565, 1.4% higher than last year and 63.9% above the national average of $63,179.
In the housing market, total permits issued totaled 25,260 over the last twelve months, up 0.3% year-over-year. Washington has 470 active new home projects on the market, 12.3% fewer than the 536 from last year. The average list price in the market is $577,502, 4.5% higher than last year and 79.7% above the national average. Over the last three months, new home contracts decreased by 7.9% to 3,306. Frederick and Manassas had the highest concentration of the new home contracts in the Washington market.