Average rents increased last month, median rents up also. Inventory has dipped and demand is very high in January traditionally. Absorption increased slightly but spring demand will bring it back down more than likely.
Units Leased:
- December 2007: 1156
- November 2007: 1452
- October 2007: 1501
- December 2006: 1052
Average Monthly Rental Rates:
- December 2007: $1531
- November 2007: $1493
- October 2007: $1511
- January 2007: $1295
Median Monthly Rental Rates:
- December 2007: $1295
- November 2007: $1200
Renee:
Very interesting information about Vegas. Thanks for sharing it.
Alan: You are most definitely welcome! I am planning to give you another update by the end of the day!
Donald: Thanks! Happy New Year to you too!