Here’s the latest rental activity and trends for the Phoenix Metro area for September 2023:
Closed Rental Units: 2,539 (17.98% increase year over year)
Median Lease Rate: $2,150 (2.38% increase year over year)
Average Lease Rate: $2,368 (2.42% increase year over year)
Average Days on Market: 39 (25.81% increase year over year)
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