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Housing Market: US: Difference between revisions
→Rent Developments
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== Rent Developments == | == Rent Developments == | ||
Historical: [[Apartment List National Rent: 2023]] | Historical: [[Apartment List National Rent: 2023]] | ||
[[File:Screenshot 2024- | [[File:Screenshot 2024-04-09 110515.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
[[File:Screenshot 2024-02-12 102605.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | <ref name=":0" />[[File:Screenshot 2024-02-12 102605.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
=== March 2024 === | |||
The rental market continued to pull out of its slow season in March; prices ticked up 0.6 percent this month, the second consecutive monthly increase following six straight months of rent declines. The nationwide median rent now stands at $1,388.<ref name=":0" /> | |||
* Rents are up 0.6% month-over-month, down 0.8% year-over-year. Year-to-date, the national median rent is up by a total of 0.9% so far in 2024, which is slightly faster than the 2017 to 2019 average (+0.7%). | |||
* On the supply side of the market, our national vacancy index continues trending up and stands today at 6.7 percent. | |||
* Zooming in a bit, 81 of the nation’s 100 largest cities saw rents go up in March. But on a year-over-year basis, rent growth is positive for only 42 of these cities. | |||
=== February 2024 === | === February 2024 === | ||