ARMLS RENT Check™ – September, 2015

Median Lease: $1,250 vs $1,295, Month-over-Month -3.47%
Average Lease: $1,425 vs $1,449, Month-over-Month -1.66%
Average Days on Market: 27 vs 26, Month-over-Month +3.85%
Rent Check Quotient™: 2:5 vs 2:5, Month-over-Month Flat
Closed Rental: 2,883 vs 3,144, Month-over-Month -8.30%

Rental market has been strong this year until August. Year-over-Year it is 650 lease less for the month of August. However, it is still above Y-T-D average of 2,790.

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

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