The Seattle-area apartment market started its annual shift into the slow(er) season, recently released data from ApartmentList show. The “slow season” usually starts around the end of summer and runs through the winter. When folks start cozying up with warm drinks—and each other—fewer people move, and rent prices take a dip.
Compared to last year, rents in Seattle moved down a smidgen in August (-0.4 percent), but over the course of the month, median rent, which is $2,091, increased 0.3 percent—the slowest pace of monthly increase since February. ApartmentList notes, “If historical trends hold,” growth should continue to downshift for the remainder of the year.
Even as price growth continues
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