Rentals are slowing.
Dallas Area Residential Sales Report for November – Rentals
The number of units rented declined in November by 16% and pending units fell 9%. The average rental price dropped 2% but the median rental price rose 3%. New listings were 17% lower. Active listings fell 38%.
Average Price: $1,913
Median Price: 1,503
Pending Rentals: 1,503
New Listings: 3,163
Active Listings: 3,991
Average Days on Market: 34
Information provided by The Real Estate Center
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