Dallas Area Sales Report for August – Rentals
This report covers single family homes, condos, and Townhomes.
Rentals were off by 15% in August compared to last year. The average rental rate rose 14% while the median rate was up by 11%. Pending rentals fell 11%. New listings dropped 19%. Active listings declined 46%. Days on market fell 29%.
Average Rental Rate: $2,210
Median Rental Rate: 2,000
Pending Rentals: 2,348
New Listings: 3,894
Active Rental: 2,268
Days on Market: 22
Information provided by The Texas Real Estate Center
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