Leases down rates up!
The number of leases declined in April by 9%. Pending leases were off by 3%. The average rental rate increased by 14% while the median rate rose 11%. The number of new listings declined 18% and the active listings dropped 52%.
Average Rental Rate: $2,054
Median Rental Rate: 1,880
Pending Leases: 2,026
New Listings: 3,317
Active Listings: 2,275
Information provided by the The Texas Real Estate Center
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