A new survey shows rental prices in the Seattle metropolitan area dropped in December.
The report by Apartment Insights/Real Data says rents in the Seattle area fell 2.9% in December compared to the previous quarter. That drop saved renters about $50 a month, according to the survey of landlords.
In some Seattle neighborhoods, including Belltown, Ballard and South Lake Union, rents in December dropped closer to 6%, or $100 per month, according to the survey.
KIRO-7 asked an economist at Zillow about the slowdown.
The first question senior economist Aaron Terrazas asked about the Apartment Insights/Real Data survey was whether or not the data factored in seasonality.