Dallas Area Residential Sales Report for February – Rental Market

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%.

Leases: 2,580

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

#mariesellsdallas #rentalsDallas #HomesForRentDallas

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