Dallas Area Residential Sales Report for May – Rentals
The numbers in this report cover single-family homes, condos and town homes.
Msy was a positive month with leases up 2%. Pending leases were down 2%. The average rent was down 2% while the median rent came in off 1%. There was a sharp drop of 11% in the number of new listings and active listings declined 13%.
Average Rent: 1,859
Median Rent: 1,740
Pending Leases: 2,479
New Listings: 4,469
Active Listings: 4,349