Median Lease: $1,300 – Increase from $1,250 previous month.

Average Lease: $1,440 – Increase from $1,412 previous month.

Avg. Days on Market: 26 – Decreased from previous 31 days.

Rent Check Quotient™: 3 : 10 – Decreased from 2 : 5 last month.

Closed Rental: 2,184 – Decreased from previous 2,351 homes.

Rent Check Quotient™ (RCQ™) is the ratio of closed rentals and closed sales.

Cap rates and Cash on Cash are still above 4.65%, It’s still good time to ACT!