0:21

In this brief market update, the speaker reports that Washington, D.C. rents increased by 1.0% month‑over‑month in June, matching the growth rate of the previous month and indicating that the peak leasing season is performing as expected. On a year‑over‑year basis, rents are still 3.5% lower than a year ago, but this represents an improvement from the prior month’s 4.2% decline, suggesting the market is recovering more quickly than it is correcting.

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