Will Seattle's rents increase in 2023?
21
177
390
resolved Dec 13
Resolved
NO

This market will resolve based on data from:
https://www.zillow.com/rental-manager/market-trends/seattle-wa/

Specifically, will median rents in Dec 2023 be higher than in Dec 2022

As of the posting of this market, Dec 2022 median rents were listed as follows:

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As per the source this market can now resolve NO.

predicted NO

The linked site is now showing a rental price for December 2023. Not sure whether that's enough to resolve or whether the number may be preliminary.

@TimDuffy Thanks for the update!

Zillow is a biased source of rent data. It isn't random and it isn't accurate (it is probably way too high). The American Community Survey is the best (and only randomized) source of this data that I'm aware of.

@AaronKreider While this might be true, I expect any bias they have does not radically change year to year. Do you think the market would resolve differently if I used the other source? I could create another market with that source and I expect the market % to be basically the same.

@SneakySly It's probably relatively fine year to year. I am just in a war against people using bad rent data sources. Zumper is the other one - they push out FAKE news stories about their data. I think their "median household rent" for Philadelphia is 50%-100% too large. (Philadelphia is a very affordable city to live in, or at least was pre-pandemic). There is a housing affordability (aka economic inequality) crisis - but there is no need to exaggerate it.