Dallas Area Residential Sales Report for April - Rentals
Thought in might interest you to see how the rental of homes, condos, and townhomes in the Dallas area was coming along. Leases declined 4% however, pending leases rose 6%. The average rental rate increases 1% while the median rental rate was flat. there was an increases of 7% of new listings and a 5% rise in the number of units for lease. The months of inventory is less than 1 month.
Leases: 3,294
Pending Leases: 2,175
Average Rental Rate: $1,829
Median Rental Rate: $1,700
New Listings: 4,293
Active Listings: 4,642
Information provided by The Real Estate Center
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