Category: Market Updates

Here’s the latest rental activity and trends for the Phoenix Metro area for November 2020… Closed Rental Units: 1,682 (13.48% decrease year over year) Median Lease Rate: $1,750 (12.98% increase year over year) Average Lease Rate: $2,021 (15.09% increase year over year) Average Days on Market: 22 (29.03% decrease year over year)

Here’s the latest rental activity and trends for the Phoenix Metro area for October 2020… Closed Rental Units: 1,819 (8.64% decrease year over year) Median Lease Rate: $1,725 (11.29% increase year over year) Average Lease Rate: $1,906 (10.43% increase year over year) Average Days on Market: 43 (38.71% increase year over year)

The Phoenix rental market continues to show strength.  Limited supply of available properties and strong demand continue to drive year-over-year rental appreciation. Check out recent rental activity and trends for the Phoenix Metro area for September 2020… Closed Rental Units: 1,722 (9.80% decrease year over year) Median Lease Rate: $1,700 (6.58% increase year over year) Average Lease …

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Check out recent rental activity and trends for the Phoenix Metro area for August 2020… Closed Rental Units: 2,060 (8.36% decrease year over year) Median Lease Rate: $1,743 (9.28% increase year over year) Average Lease Rate: $1,937 (9.25% increase year over year) Average Days on Market: 25 (13.8% decrease year over year)

Check out recent rental activity and trends for the Phoenix Metro area for July 2020… Closed Rental Units: 2,274 (7.47% increase year over year) Median Lease Rate: $1,699 (6.19% increase year over year) Average Lease Rate: $1,887 (5.83% increase year over year) Average Days on Market: 26 (8.3% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for June 2020… Closed Rental Units: 2,134 (8.43% increase year over year) Median Lease Rate: $1,675 (4.69% increase year over year) Average Lease Rate: $1,839 (2.97% increase year over year) Average Days on Market: 29 (26.09% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for May 2020… Closed Rental Units: 2,034 (15.37% increase year over year) Median Lease Rate: $1,600 (3.23% increase year over year) Average Lease Rate: $1,764 (3.34% increase year over year) Average Days on Market: 29 (16% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for April 2020… Closed Rental Units: 1,618 (2.08% increase year over year) Median Lease Rate: $1,600 (6.67% increase year over year) Average Lease Rate: $1,751 (2.94% increase year over year) Average Days on Market: 24 (4.5% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for March 2020… Closed Rental Units: 1,783 (0.056% decrease year over year) Median Lease Rate: $1,600 (7.02% increase year over year) Average Lease Rate: $1,759 (7.32% increase year over year) Average Days on Market: 26 (13.04% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for February 2020… Closed Rental Units: 1,750 (1.98% increase year over year) Median Lease Rate: $1,550 (3.68% increase year over year) Average Lease Rate: $1,717 (4.89% increase year over year) Average Days on Market: 28 (3.6% decrease year over year) Rentals America provides full-service property management for residential …

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