Before you pour one out for post–8pm sunsets, let’s look back at the summer and the Seattle area rental market. The story: price growth never came.
New data from ApartmentList shows meager and slowing rents in most of the Seattle area in July—the time of year when growth typically starts to come down from its summer peak.
Since rent follows a seasonal pattern, nearly all increases occur during the summer, when demand is high. But this year, growth peaked back in March, and the busy summer season didn’t deliver. So If you’re in the market for a lease, cue the raised glass.
Sluggish rent growth during the summer tends to
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