Dallas Area Sales Report for August – Rentals

Dallas Area Sales Report for August – Rentals

Prices increase!

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%.

Rentals: 3,620

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

#marieSellsdallas #HomesforRent #RealEstateForRent

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