Summer is officially here, and the rental market is heating up! Join Aaron and Diane for a quick look at some key numbers in your Seattle Rental Market Update! See a transcript of the video below.
This graphic shows us information about the rental market in King County, Washington, for the 12-month period ending in June 2024. Specifically, this image is comparing the number of Days On Market vs the Vacancy Rate.
Video Transcript – June 2024 Seattle Rental Market Update:
Aaron Janus: Hello, everybody. Welcome to our June Market Update.
We’re seeing things continuing their springtime pop with an average of 23 days on the market with a vacancy rate of just under 3.6%. Although we’re seeing a little more pressure on condos, still, as they are in competition with apartments while single family rentals remain tighter.
Folks looking to rent a home do face fewer choices. Rents in King County for three bedroom home is around $4,600 per month which is up about 10% over the same time last year.
