Here’s the latest rental activity and trends for the Phoenix Metro area for February 2024:
Closed Rental Units: 2,269 (3.84%increase year over year)
Median Lease Rate: $2,095 (0.0% increase year over year)
Average Lease Rate: $2,237(2.40% decrease year over year)
Average Days on Market: 47 (14.63% increase year over year)
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