Rental Homes with pools are in very large demand with summer on the horizon. Renters are turning into buyers so we are seeing *a little* pressure taken off of the renter's market
Units Leased:
- May 2008: 1554
- April 2008: 1536
- March 2008: 1531
- February 2008: 1632
- January 2008: 1500
- December 2007: 1156
November 2007: 1452
October 2007: 1501
December 2006: 1052 - January 2007: 1262
Average Monthly Rental Rates:
- May 2008: $1483
- April 2008: $1467
- March 2008: 1342
- February 2008: 2788
- January 2008: $1500
- December 2007: $1531
- November 2007: $1493
- October 2007: $1511
- January 2007: $1295
Median Monthly Rental Rates:
- May 2008: $1250
- April 2008: $1250
- March 2008: 1200
- February 2008: 1200
- January 2008: $1200
- December 2007: $1295
- November 2007: $1200
Absorption Rate is stable from last month and remains a Landlord's Market at 2.2 months of inventory in the Rental Sector for the Las Vegas Valley. Maybe we will see a stabilizing in the rental market coming up. It seems to be softening every month!
If you would like to rent a home in the Las Vegas Area please call 702-966-2494 and press option 2 to speak with a rental specialist.
