Slightly Weaker but still a good Rental Market.
The rental market does show some weakness compared to January 2012 but the good news is demand is still excellent and the rents are 2% higher then the same time last year.
2012 - $2061 Average Rent
2013 - $2106 Average Rent
The average days on Market has added 6 more days to the length of time a home sits on the market from 35 days in 2012 to 41 days in 2013.
We saw a small decline in unit’s rented but with-in seasonal averages.
2012 - 439 units rented
2013 - 403 units rented
Link to the Chart January 2013
About The Author
Eric Guggenheimer - SFR, ARM ® » Principal Broker, Certified Property Manager, IREM, ARM, NARPM, NVAR, NAR, VAR
