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%.
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