Report: Seattle Multifamily Market Shows Resilience Amid Record Supply Wave

The Seattle multifamily real estate market is demonstrating notable resilience, with key metrics outperforming national averages despite unprecedented new supply. According to the latest data from Yardi Matrix, Seattle's average advertised asking rent reached $2,216 in December 2024, reflecting a 1.8 percent year-over-year increase — significantly outpacing the national growth rate of 0.6 percent. Meanwhile, […]