Phoenix Rentals – Statistics November 2013

Compiled data from the Arizona Regional Multiple Listing Service.  The median lease price is $1095, the average is $1,263.  The average days on market  is 44.  The Rent Check Quotient™ is derived by dividing the number of leases per month by the number of closed sales, as reported in the Arizona Regional MLS monthly sales report.

 

See the report in it’s entirety here.

 

Phoenix Rentals – Statistics November 2013 – Average Closed Leases

 

 Closed Rental Units Per Month

 

As is typical this time of year, we’re starting to see some softening in the market. If history is a good indicator, we should start to see more movement and closed units starting February 2014.

 

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