Category: Market Updates

Here’s the latest rental activity and trends for the Phoenix Metro area for April 2022… Closed Rental Units: 1,774 (10.19% increase year over year) Median Lease Rate: $2,195 (21.94% increase year over year) Average Lease Rate: $2,287 (16.80% increase year over year) Average Days on Market: 25 (25% increase year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for March 2022… Closed Rental Units: 1,966 (16.54% increase year over year) Median Lease Rate: $2,100 (16.73% increase year over year) Average Lease Rate: $2,270 (17.68% increase year over year) Average Days on Market: 24 (4.35% increase year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for February 2022… Closed Rental Units: 1,812 (13.61% increase year over year) Median Lease Rate: $2,100 (19.66% increase year over year) Average Lease Rate: $2,270 (20.30% increase year over year) Average Days on Market: 25 (7.41% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for January 2022… Closed Rental Units: 1,513 (6.20% decrease year over year) Median Lease Rate: $2,100 (23.53% increase year over year) Average Lease Rate: $2,306 (22.53% increase year over year) Average Days on Market: 26 (13.04% increase year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for December 2021… Closed Rental Units: 1,513 (9.51% decrease year over year) Median Lease Rate: $2,085 (20.87% increase year over year) Average Lease Rate: $2,241 (18.76% increase year over year) Average Days on Market: 24 (4.00% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for November 2021… Closed Rental Units: 1,494 (11.18% decrease year over year) Median Lease Rate: $2,094 (16.72% increase year over year) Average Lease Rate: $2,262 (11.92% increase year over year) Average Days on Market: 22 (0.00% increase year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for September 2021… Closed Rental Units: 1,807 (4.94% increase year over year) Median Lease Rate: $2,100 (23.53% increase year over year) Average Lease Rate: $2,320 (22.56% increase year over year) Average Days on Market: 18 (28% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for August 2021… Closed Rental Units: 1,087 (47.23% decrease year over year) Median Lease Rate: $2,100 (20.48% increase year over year) Average Lease Rate: $2,265 (16.93% increase year over year) Average Days on Market: 18 (28% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for July 2021… Closed Rental Units: 1,938 (14.78% decrease year over year) Median Lease Rate: $2,000 (17.72% increase year over year) Average Lease Rate: $2,207 (16.96% increase year over year) Average Days on Market: 16 (38.46% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for June 2021… Closed Rental Units: 1,700 (20.34% decrease year over year) Median Lease Rate: $1,975 (17.91% increase year over year) Average Lease Rate: $2,154 (17.13% increase year over year) Average Days on Market: 17 (41.38% decrease year over year)    About Rentals America  Rentals America provides full-service …

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