King County rental activity dipped in April, compared to March with 306 leased properties, according to stats from the Northwest Multiple Listing Service. However, this number ticked up from the same time last year, which was 295 leased properties in King County. The market continues to stay strong, with 68 available properties within 6 miles of the downtown core with high price tags-the highest asking rent priced at $12,000 for a 2 br/2 bath penthouse in Belltown.
Rents continue to increase as the Seattle vacancy rates remain at a low 3.6%, according to an article from Seattle Rental Group. This is up just .07% from the same time last year. For more information about Seattle rentals, contact me at anytime.