Single Family Home Rental Market

The first half of 2015 saw a significant reduction (26%) in rental inventory across the Puget Sound as reluctant landlords finally had the “Sellers’ Market” they’d anxiously been waiting for. Property Managers experienced the same super-heated conditions as the resale market, with skyrocketing rents driven by an influx of applicants competing for limited inventory. Long-term owners of investment homes are reaping the benefits, with double-digit rent percentage increases frequently occurring, specifically in West Seattle, SoDo, Beacon Hill, West Bellevue, Tacoma, and University Place.

Below are some interesting stats complements of Windermere Property Management / Lori Gill & Associates:

Screenshot (104)

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