This week in the North West region, it is all about Seattle. We talk about apartment rents, what is happening with locally based Zillow, the median home value and more. Check out all the news you might have missed below.—Natalie Dolce
BY THE NUMBERS
SEATTLE—Average Seattle apartment rents decreased in September for the third straight month. The metro's annual effective rent growth reflected this trend, declining by almost one full percentage point, according to Axiometrics, the leader in apartment and student housing market research and analysis. “These decreases may be the result of the amount of new supply coming to the Seattle market,” said Jay Denton, senior vice president of analytics for Axiometrics. “Seattle is still among the top-performing metros in the nation, but deliveries of new units accelerated in the third quarter and the pace is expected to quicken through the second quarter of 2017.”
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