Category: Market Updates

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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Here’s the latest rental activity and trends for the Phoenix Metro area for May 2021… Closed Rental Units: 1,490 (26.7% decrease year over year) Median Lease Rate: $1,900 (18.75% increase year over year) Average Lease Rate: $2,057 (16.61% increase year over year) Average Days on Market: 21 (27.59% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for April 2021… Closed Rental Units: 1,610 (4.94% decrease year over year) Median Lease Rate: $1,800 (12.50% increase year over year) Average Lease Rate: $1,958 (11.82% increase year over year) Average Days on Market: 20 (16.67% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for March 2021… Closed Rental Units: 1,687 (5.38% decrease year over year) Median Lease Rate: $1,799 (12.44% increase year over year) Average Lease Rate: $1,929 (9.66% increase year over year) Average Days on Market: 23 (3.57% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for February 2021… Closed Rental Units: 1,595 (8.86% decrease year over year) Median Lease Rate: $1,755 (13.23% increase year over year) Average Lease Rate: $1,887 (9.90% increase year over year) Average Days on Market: 27 (3.57% decrease year over year)

The rental market has continues to show strength with limited inventory and strong year-over-year rent rate growth.  Here’s the latest rental activity and trends for the Phoenix Metro area for January 2021… Closed Rental Units: 1,612 (5.23% decrease year over year) Median Lease Rate: $1,700 (9.68% increase year over year) Average Lease Rate: $1,882 (8.04% increase year over …

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Here’s the latest rental activity and trends for the Phoenix Metro area for December 2020… Closed Rental Units: 1,672 (5.37% decrease year over year) Median Lease Rate: $1,725 (9.87% increase year over year) Average Lease Rate: $1,887 (10.42% increase year over year) Average Days on Market: 25 (21.88% decrease year over year)