PROACTIVE NOTICE TO VACATE: MANAGEMENT AND TURNOVERS

The Q4 2025 single-family rental market across Southwest Washington, Portland, and the Tri-Cities remains stable, with consistent demand and predictable leasing activity. Average market rents range from $2,282 to $2,623, and average days on market remain between 54 and 60 days, reflecting balanced conditions rather than excess supply.

Tenant tenure continues to be strongest in Southwest Washington (3.82 years) and Portland (3.76 years), while the Tri-Cities shows shorter average tenancy at 2.2 years, indicating higher turnover velocity. Delinquency remains low across all markets, led by 0% in Tri-Cities, 0.18% in Southwest Washington, and 0.51% in Portland, supporting stable cash flow when vacancy is well managed.

Overall, the market has normalized. Homes that are priced accurately and marketed early continue to lease efficiently, while delays in turnover or marketing exposure are more likely to result in extended vacancy.

Average rents remain elevated across all regions, with Portland at $2,623, Southwest Washington at $2,448, and Tri-Cities at $2,282. Leasing timelines are relatively consistent, with days on market at 60 days in Southwest Washington, 58 days in Portland, and 54 days in Tri-Cities.

These timelines reinforce the importance of early marketing and turnover coordination. Properties introduced to the market during the notice-to-vacate period benefit from stronger lead flow and pricing feedback, reducing the risk of prolonged vacancy.

Longer tenant tenure in Southwest Washington and Portland highlights the value of resident retention and proactive maintenance planning. In contrast, the shorter tenancy cycle in Tri-Cities requires tighter turnover execution to maintain annual performance. Across all regions, low delinquency underscores the importance of screening, communication, and ongoing management.