Here’s the latest rental activity and trends for the Phoenix Metro area for January 2024:
Closed Rental Units: 1,974 (6.31% decrease year over year)
Median Lease Rate: $2,095 (2.45% increase year over year)
Average Lease Rate: $2,259 (0.44% decrease year over year)
Average Days on Market: 52 (20.93% increase year over year)
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