Median Lease: $1,250 – flat.

Average Lease: $1,412 – Increase from $1,379 previous month.

Avg. Days on Market: 31 – Decreased from previous 37 days.

Rent Check Quotient™: 2 : 5 – Remains stable.

Closed Rental: 2,351 – Increased from previous 2148 homes.

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

Cap rates and Cash on Cash are still above 5%, It’s still good time to ACT!