Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.)
Units Leased:
- October 2010: 2119
- September 2010: 2171
- August 2010: 2300
- July 2010: 2106
- June 2010: 2214
- May 2010: 2049
- April 2010: 2210
- March 2010: 2269
- February 2010: 2100
- January 2010 1784
- December 2009: 1713
- November 2009: 1691
- October 2009: 2015
- September 2009: 1849
Average Monthly Rental Rates:
- October 2010: $1308
- September 2010: $1484
- August 2010: $1459
- July 2010: $1425
- June 2010: $1410
- May 2010: $1254
- April 2010: $1413
- March 2010: $1193
- February 2010: $1731
- January 2010: $1582
- December 1009: $1313
- November 2009: $1313
- October 2009: $1264
- September 2009: $1477
Median Monthly Rental Rates:
- October 2010: $1150
- September 2010: $1100
- August 2010: $1150
- July 2010: $1100
- June 2010: $1100
- May 2010: $1150
- April 2010: $1100
- March 2010: $1100
- February 2010: $1100
- January 2010: $1100
- December 2009: $1100
- November 2009: $1100
- October 2009: $1125
Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley.
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