The market in Seattle has become softer for sure but is not evenly distributed. In my area, the vacancy rate for apartments appears to be in the 10-20% range de

The market in Seattle has become softer for sure but is not evenly distributed. In my area, the vacancy rate for apartments appears to be in the 10-20% range depending on the building and the incentives are becoming more aggressive. A bit more surprising, some housing prices in nice neighborhoods have also declined since a couple years ago (some areas have also increased). Renting makes a lot of sense in Seattle right now.