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Seattle Apartment Market Shows Signs of Cooling

Supply Momentum Collides With Weakening Demand; Construction Starts on Track for Slowest Quarter in 10 Years
Seattle’s multifamily market is cooling across a host of metrics, according to CoStar data. (CoStar)
Seattle’s multifamily market is cooling across a host of metrics, according to CoStar data. (CoStar)
CoStar News
December 7, 2022 | 4:11 P.M.

The Seattle multifamily market, long one of the hottest on the West Coast, appears to be cooling, with numerous metrics showing an in-process collision between supply and demand as new construction starts are on track for their slowest quarter in a decade.

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