I was just looking at the rental data for King County on the Northwest Multiple Service (NWMLS). The Northwest Multiple only shows rental information for units that were represented by a licensed agent who is a member of the NWMLS. Thus the data only represents a portion of the rentals in King County. Saying all this, I will point out the data and let you make your own conclusions.
In May 2009, 328 units were rented, with a median list rent price of $1,795 or $1.04 per square foot, and median days on the market of 38 days.
In May 2008, 256 units were rented, with a median list rent price of $1,850 or $1.15 per square foot, and median days on the market of 27 days.
Friday, June 19, 2009
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