Rents and new inventory stabilized somewhat in December, though days on market for single family homes went up another 4 days in December. Here is a summary of December and the past several months. Days on market have continued to increase since June, going from 13.4, 16.3, 19.1, 22.0, 24.4, 28.3, 32.3 days each month, […]
The housing market is no different than any other market. It is driven by supply and demand. So, despite rents continuing to drop and days on market growing, a 21.4% drop in inventory may put the squeeze on renters. With a massive decrease in supply, renters may have to pay more in December to secure […]
We continue to see a slowdown in the rental market for single family and townhomes. Consider these numbers. Days on market continue to increase since June, going from 13.4, 16.3, 19.1, 22.0, 24.4 days each month, respectively. Rents have averaged $2,321, $2,338, $2,288, $2,304, and $2206 in October, the lowest since June and a 4.3% […]
We have progressed through the summer and school has started. Has this changed the law of supply and demand for rental properties? And how does this affect investment properties? Consider these numbers. Days on market have steadily increased since June through September, going from 13.4, 16.3, 19.1, and 22.0 days each month, respectively. Rents have […]
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