Over the last two years, the Seattle housing market has been through some contortionist-worthy twists and turns. Home prices skyrocketed, and then just kept on going up. Rents plummeted, only to undergo an epic recovery. The home-buying market is still something else, fueled by explosive demand in the suburbs as remote workers remain untethered to their offices, but Seattle-area rents are basically back to pre-pandemic levels.
According to Apartment List, in February 2022, the median rent in Seattle was down only 2.8 percent compared to March 2020. To illustrate just how staggering a swerve that is, consider this: In February 2021, the year-over-year change in Seattle rents was -19.4 percent. Negative. Now
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