Here’s the latest rental activity and trends for the Phoenix Metro area for August 2023:
Closed Rental Units: 2,575 (12.84% increase year over year)
Median Lease Rate: $2,200 (0.23% increase year over year)
Average Lease Rate: $2,466 (3.40% increase year over year)
Average Days on Market: 41 (46.43% increase year over year)
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