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Seattle Rents Rise as Home Supply Drops

September 30, 2014

Home supply in Seattle continues to decline as homes on the market are snapped up more quickly than they become available. There is currently 1.7 months of supply available in Seattle, a severe seller's market.

Homes are topping pre-recession highs with such little supply and large demand. As homes are hard to find, rental prices are also increasing, with average rents in King County reaching upwards of $1,300, up 5.4 percent from six months ago.