Dallas Area Residential Sales Report for April – Rentals

rental prices climbing!

Leases rose 5% in April. Pending leases increased 6%. The average rental rate was 19% 14% higher than last April while the median rate went up 16%.  New listing climbed 19%. The number of active listings jumped  32%. The average days on market is 28.

Leases: 3,347

Average Rate: $2,369

Median Rate: $2,200

Pending Leases: 2,146

New Listings: 3,943

Active Listings: 2,997