Here’s the latest rental activity and trends for the Phoenix Metro area for July 2023:
Closed Rental Units: 2,417 (5.59% increase year over year)
Median Lease Rate: $2,250 (2.27% increase year over year)
Average Lease Rate: $2,390 (0.72% increase year over year)
Average Days on Market: 34 (36.00% increase year over year)
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