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Seattle Multifamily Market Stabilizes as First-Half Sales Volume Slides to $1.25B

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Apartment buildings
Photo by Mohamed Nohassi For Unsplash+
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Apartment sales across King, Pierce and Snohomish counties slid to just over $1.25 billion in the first half of 2026, but stabilizing rents, a thinning construction pipeline and steady cap rates point to a Puget Sound multifamily market shifting from correction to disciplined recovery.

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