Median Lease: $1,195 vs $1,195, Month-over-Month flat

Average Lease: $1,378 vs $1,327, Month-over-Month +3.84%

Average Days on Market: 29 vs 28, Month-over-Month +3.57%

Rent Check Quotient™: 35.5% vs 33.3%, Month-over-Month +2.20%

Median Lease remained flat. Average Lease went up by 3.84%. Days on Market (DOM) increased 1 day or up 3.57%.

Rent Check Quotient is at the range of 30% – 36% in a normal market. RCQ has been coming down from 66% in the beginning of 2014 to 35.5% of September 2014 and still healthy.

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

All above stats are for single family homes rentals. Condominium and apartment rentals are not included.