Here’s the latest rental activity and trends for the Phoenix Metro area for December 2020…
Closed Rental Units: 1,672 (5.37% decrease year over year)
Median Lease Rate: $1,725 (9.87% increase year over year)
Average Lease Rate: $1,887 (10.42% increase year over year)
Average Days on Market: 25 (21.88% decrease year over year)