Here’s the latest rental activity and trends for the Phoenix Metro area for December 2023:
Closed Rental Units: 2,033 (4.64% decrease year over year)
Median Lease Rate: $2,095 (3.71% increase year over year)
Average Lease Rate: $2,250 (1.32% decrease year over year)
Average Days on Market: 46 (12.20% increase year over year)
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