Dallas Area Residential Sales Report for April – Rentals

Thought in might interest you to see how the rental of homes, condos, and townhomes in the Dallas area was coming along. Leases declined 4% however, pending leases rose 6%. The average rental rate increases 1% while the median rental rate was flat. there was an increases of 7% of new listings and a 5% rise in the number of units for lease. The months of inventory is less than 1 month.

Leases: 3,294

Pending Leases: 2,175

Average Rental Rate: $1,829

Median Rental Rate: $1,700

New Listings: 4,293

Active Listings: 4,642

Information provided by The Real Estate Center

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