Here’s the latest rental activity and trends for the Phoenix Metro area for October 2023:
Closed Rental Units: 2,406 (10.27% increase year over year)
Median Lease Rate: $2,100 (0.0% increase year over year)
Average Lease Rate: $2,300 (1.03% decrease year over year)
Average Days on Market: 41 (24.24% increase year over year)
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