Last year was a crazy year for buyers trying to purchase homes but it was also a crazy year for tenants looking for a home/condo to rent. Condos and single family homes were in high demand and tenants were faced with multiple applications and even bidding wars! As we well know, real estate is cyclical and right now we happen to be in a landlord’s market. I’m sure that this will revert back to a tenant’s market, in no time at all, but until then it’s tough out there!
The statistics below are courtesy of Windermere Property Management / Lori Gill & Associates. If you are ever in need of property management services I highly recommend them. The map, which helps you to correspond the MLS area with geographic location, is courtesy of the Northwest Multiple Listing Service.