Thursday, May 24, 2012

Phoenix Area Rental Statistics for May

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Median Lease $: $1,100
Average Lease$: $1,234
Average Days on Market: 40
Number of closed rentals last month: 2,790

Closed Rental Units Per Month



The heat map below shows where the most active rentals are. Areas with red circles have a flood of active rentals available driving down rental prices, where as small yellow circles means rentals are scarce and rental prices are up in general. Market statistics can change daily and the following information is for reference only.


2 comments:

  1. This is an interesting way to show the statistics. They are very important because if you need to rent you need to know the current situation in order to know what to expect of the landlords and the state of the flats. Last year I had to rent an apartment in buenos aires  and knew nothing about the market. I was lucky that the rental company I worked with did all the paprework and dealt with the landlord!

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  2. I was very pleased to find this site. I wanted to thank you for this great read!! This is a very informative post, it helps me more. cottage rentals

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