Here’s the latest rental activity and trends for the Phoenix Metro area for June 2023:
Closed Rental Units: 2,307 (5.67% increase year over year)
Median Lease Rate: $2,195 (0.18% decrease year over year)
Average Lease Rate: $2,361 (0.08% increase year over year)
Average Days on Market: 35 (45.83% increase year over year)
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