With the Big Dark underway, it’s lights out for rent growth in the Seattle area—at least until next year.
According to fall data from ApartmentList, our rental market fully entered the negative growth season. Metro-wide, rent dipped just under one percent, with 22 of 23 cities reporting a decline in month-over-month rent growth. One locale (Auburn) came in flat.
Prices are expected to drop through the winter, “as property owners offer modest discounts to fill vacancies during a time of year when fewer renters are looking to move,” ApartmentList notes. While growth typically flips back to positive around March, as more people look to move in spring.
Given the
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