Dallas Area Residential Sales Report for February – Rentals

Dallas Area Residential Sales Report for February – Rentals

Same story as homes. Short supply and prices up!

Rentals increased by 8% as compared to last February. Pending leases rose 17%. The average rental rate climbed 13% while the median rate increased by 21%. new listings were up by 17% but active listings fell 25%. Days on the market declined by 11%.

Rentals: 2,835

Average Rate:: $2,205

Median Rate: $2,100

New Listings: 3,090

Active Listings: 2,385

Days on Market: 33

Information provided by The Texas Real Estate Center

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