The rental market looks a lot sales. Prices up, inventory down.
Rentals of single family homes, condos and townhomes fell by 24%. Pending leases declined 18%. Average lease prices rose 11% while the median lease rate was up 7%. New listings declined 27% and the number of units avalible to lease was off by 39%.
Average lease price: $1,985
Median Lease Price: $1,800
Pending Leases: 1,595
New Listings: 2,634
Active Rentals: 3,159
Information provided by The Real Estate Center
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