Here’s the latest rental activity and trends for the Phoenix Metro area for May 2021…
Closed Rental Units: 1,490 (26.7% decrease year over year)
Median Lease Rate: $1,900 (18.75% increase year over year)
Average Lease Rate: $2,057 (16.61% increase year over year)
Average Days on Market: 21 (27.59% decrease year over year)