Housing Market: US: Difference between revisions

Line 1,592: Line 1,592:


Seasonality: https://www.apartmentlist.com/research/best-time-of-year-to-rent
Seasonality: https://www.apartmentlist.com/research/best-time-of-year-to-rent
{| class="wikitable"
! rowspan="2" |Date<ref name=":0" />
! colspan="3" |Overall
! colspan="3" |1 Bedroom
! colspan="3" |2 Bedroom
|-
!Rents
!M/M
!Y/Y
!Rents
!M/M
!Y/Y
!Rents
!M/M
!Y/Y
|-
|8/1/2024
|1412
| -0.14%
| -0.77%
|1241
| -0.08%
| -0.72%
|1398
| -0.07%
| -0.71%
|-
|7/1/2024
|1414
|0.28%
| -0.77%
|1242
|0.24%
| -0.80%
|1399
|0.21%
| -0.78%
|-
|6/1/2024
|1410
|0.36%
| -0.77%
|1239
|0.41%
| -0.80%
|1396
|0.43%
| -0.78%
|-
|5/1/2024
|1405
|0.57%
| -0.71%
|1234
|0.57%
| -0.72%
|1390
|0.51%
| -0.79%
|-
|4/1/2024
|1397
|0.58%
| -0.71%
|1227
|0.57%
| -0.73%
|1383
|0.58%
| -0.72%
|-
|3/1/2024
|1389
|0.58%
| -0.79%
|1220
|0.58%
| -0.81%
|1375
|0.66%
| -0.79%
|-
|2/1/2024
|1381
|0.29%
| -0.79%
|1213
|0.25%
| -0.82%
|1366
|0.22%
| -0.87%
|-
|1/1/2024
|1377
| -0.22%
| -0.86%
|1210
| -0.25%
| -0.82%
|1363
| -0.22%
| -0.87%
|-
|12/1/2023
|1380
| -0.79%
| -0.93%
|1213
| -0.74%
| -0.90%
|1366
| -0.73%
| -0.94%
|-
|11/1/2023
|1391
| -0.93%
| -1.07%
|1222
| -0.97%
| -1.05%
|1376
| -1.01%
| -1.15%
|-
|10/1/2023
|1404
| -0.78%
| -1.27%
|1234
| -0.72%
| -1.28%
|1390
| -0.71%
| -1.28%
|-
|9/1/2023
|1415
| -0.56%
| -1.39%
|1243
| -0.56%
| -1.43%
|1400
| -0.57%
| -1.48%
|-
|8/1/2023
|1423
| -0.14%
| -1.32%
|1250
| -0.16%
| -1.34%
|1408
| -0.14%
| -1.33%
|-
|7/1/2023
|1425
|0.28%
| -0.84%
|1252
|0.24%
| -0.87%
|1410
|0.21%
| -0.84%
|-
|6/1/2023
|1421
|0.42%
| -0.14%
|1249
|0.48%
| -0.08%
|1407
|0.43%
| -0.07%
|-
|5/1/2023
|1415
|0.57%
|0.86%
|1243
|0.57%
|0.89%
|1401
|0.57%
|0.94%
|-
|4/1/2023
|1407
|0.50%
|1.66%
|1236
|0.49%
|1.64%
|1393
|0.51%
|1.68%
|-
|3/1/2023
|1400
|0.57%
|2.34%
|1230
|0.57%
|2.33%
|1386
|0.58%
|2.36%
|-
|2/1/2023
|1392
|0.22%
|2.65%
|1223
|0.25%
|2.60%
|1378
|0.22%
|2.68%
|-
|1/1/2023
|1389
| -0.29%
|2.97%
|1220
| -0.33%
|2.95%
|1375
| -0.29%
|3.00%
|-
|12/1/2022
|1393
| -0.92%
|3.49%
|1224
| -0.89%
|3.55%
|1379
| -0.93%
|3.53%
|-
|11/1/2022
|1406
| -1.13%
|4.07%
|1235
| -1.20%
|4.04%
|1392
| -1.14%
|4.04%
|-
|10/1/2022
|1422
| -0.91%
|5.41%
|1250
| -0.87%
|5.49%
|1408
| -0.91%
|5.47%
|-
|9/1/2022
|1435
| -0.49%
|7.25%
|1261
| -0.47%
|7.23%
|1421
| -0.42%
|7.33%
|-
|8/1/2022
|1442
|0.35%
|10.08%
|1267
|0.32%
|10.08%
|1427
|0.35%
|10.02%
|-
|7/1/2022
|1437
|0.98%
|12.35%
|1263
|1.04%
|12.47%
|1422
|0.99%
|12.32%
|-
|6/1/2022
|1423
|1.43%
|14.30%
|1250
|1.46%
|14.36%
|1408
|1.44%
|14.29%
|-
|5/1/2022
|1403
|1.37%
|15.76%
|1232
|1.32%
|15.68%
|1388
|1.31%
|15.67%
|-
|4/1/2022
|1384
|1.17%
|16.60%
|1216
|1.16%
|16.59%
|1370
|1.18%
|16.60%
|-
|3/1/2022
|1368
|0.88%
|17.02%
|1202
|0.84%
|17.04%
|1354
|0.89%
|17.03%
|-
|2/1/2022
|1356
|0.52%
|17.30%
|1192
|0.59%
|17.44%
|1342
|0.52%
|17.31%
|-
|1/1/2022
|1349
|0.22%
|17.51%
|1185
|0.25%
|17.56%
|1335
|0.23%
|17.52%
|-
|12/1/2021
|1346
| -0.37%
|17.76%
|1182
| -0.42%
|17.73%
|1332
| -0.45%
|17.77%
|-
|11/1/2021
|1351
|0.15%
|17.79%
|1187
|0.17%
|17.87%
|1338
|0.22%
|17.89%
|-
|10/1/2021
|1349
|0.82%
|17.20%
|1185
|0.77%
|17.09%
|1335
|0.83%
|17.11%
|-
|9/1/2021
|1338
|2.14%
|15.74%
|1176
|2.17%
|15.86%
|1324
|2.08%
|15.73%
|-
|8/1/2021
|1310
|2.42%
|13.32%
|1151
|2.49%
|13.29%
|1297
|2.45%
|13.37%
|-
|7/1/2021
|1279
|2.73%
|10.93%
|1123
|2.74%
|10.86%
|1266
|2.76%
|10.96%
|-
|6/1/2021
|1245
|2.72%
|8.45%
|1093
|2.63%
|8.33%
|1232
|2.67%
|8.45%
|-
|5/1/2021
|1212
|2.11%
|5.21%
|1065
|2.11%
|5.24%
|1200
|2.13%
|5.17%
|-
|4/1/2021
|1187
|1.54%
|2.50%
|1043
|1.56%
|2.46%
|1175
|1.56%
|2.53%
|-
|3/1/2021
|1169
|1.12%
|0.52%
|1027
|1.18%
|0.49%
|1157
|1.14%
|0.52%
|-
|2/1/2021
|1156
|0.70%
| -0.26%
|1015
|0.69%
| -0.29%
|1144
|0.70%
| -0.26%
|-
|1/1/2021
|1148
|0.44%
| -0.61%
|1008
|0.40%
| -0.59%
|1136
|0.44%
| -0.61%
|-
|12/1/2020
|1143
| -0.35%
| -0.95%
|1004
| -0.30%
| -0.99%
|1131
| -0.35%
| -0.96%
|-
|11/1/2020
|1147
| -0.35%
| -0.78%
|1007
| -0.49%
| -0.89%
|1135
| -0.44%
| -0.79%
|-
|10/1/2020
|1151
| -0.43%
| -0.95%
|1012
| -0.30%
| -0.88%
|1140
| -0.35%
| -0.87%
|-
|9/1/2020
|1156
|0.00%
| -1.11%
|1015
| -0.10%
| -1.17%
|1144
|0.00%
| -1.12%
|-
|8/1/2020
|1156
|0.26%
| -1.45%
|1016
|0.30%
| -1.36%
|1144
|0.26%
| -1.46%
|-
|7/1/2020
|1153
|0.44%
| -1.54%
|1013
|0.40%
| -1.55%
|1141
|0.44%
| -1.55%
|-
|6/1/2020
|1148
| -0.35%
| -1.46%
|1009
| -0.30%
| -1.37%
|1136
| -0.44%
| -1.47%
|-
|5/1/2020
|1152
| -0.52%
| -0.35%
|1012
| -0.59%
| -0.30%
|1141
| -0.44%
| -0.26%
|-
|4/1/2020
|1158
| -0.43%
|1.14%
|1018
| -0.39%
|1.19%
|1146
| -0.43%
|1.15%
|-
|3/1/2020
|1163
|0.35%
|2.38%
|1022
|0.39%
|2.40%
|1151
|0.35%
|2.40%
|-
|2/1/2020
|1159
|0.35%
|2.66%
|1018
|0.39%
|2.62%
|1147
|0.35%
|2.59%
|-
|1/1/2020
|1155
|0.09%
|2.58%
|1014
|0.00%
|2.53%
|1143
|0.09%
|2.60%
|-
|12/1/2019
|1154
| -0.17%
|2.49%
|1014
| -0.20%
|2.53%
|1142
| -0.17%
|2.42%
|-
|11/1/2019
|1156
| -0.52%
|2.48%
|1016
| -0.49%
|2.52%
|1144
| -0.52%
|2.42%
|-
|10/1/2019
|1162
| -0.60%
|2.47%
|1021
| -0.58%
|2.51%
|1150
| -0.61%
|2.50%
|-
|9/1/2019
|1169
| -0.34%
|2.72%
|1027
| -0.29%
|2.70%
|1157
| -0.34%
|2.75%
|-
|8/1/2019
|1173
|0.17%
|2.89%
|1030
|0.10%
|2.79%
|1161
|0.17%
|2.93%
|-
|7/1/2019
|1171
|0.52%
|2.99%
|1029
|0.59%
|3.00%
|1159
|0.52%
|3.02%
|-
|6/1/2019
|1165
|0.78%
|3.10%
|1023
|0.79%
|3.02%
|1153
|0.79%
|3.13%
|-
|5/1/2019
|1156
|0.96%
|3.21%
|1015
|0.89%
|3.15%
|1144
|0.97%
|3.16%
|-
|4/1/2019
|1145
|0.79%
|3.34%
|1006
|0.80%
|3.29%
|1133
|0.80%
|3.28%
|-
|3/1/2019
|1136
|0.62%
|3.46%
|998
|0.60%
|3.42%
|1124
|0.54%
|3.40%
|-
|2/1/2019
|1129
|0.27%
|3.48%
|992
|0.30%
|3.55%
|1118
|0.36%
|3.52%
|-
|1/1/2019
|1126
|0.00%
|3.40%
|989
|0.00%
|3.45%
|1114
| -0.09%
|3.44%
|-
|12/1/2018
|1126
| -0.18%
|3.30%
|989
| -0.20%
|3.24%
|1115
| -0.18%
|3.34%
|-
|11/1/2018
|1128
| -0.53%
|3.01%
|991
| -0.50%
|3.01%
|1117
| -0.45%
|3.04%
|-
|10/1/2018
|1134
| -0.35%
|3.09%
|996
| -0.40%
|3.11%
|1122
| -0.36%
|3.13%
|-
|9/1/2018
|1138
| -0.18%
|3.08%
|1000
| -0.20%
|3.09%
|1126
| -0.18%
|3.02%
|-
|8/1/2018
|1140
|0.26%
|2.98%
|1002
|0.30%
|2.98%
|1128
|0.27%
|2.92%
|-
|7/1/2018
|1137
|0.62%
|2.34%
|999
|0.60%
|2.36%
|1125
|0.63%
|2.27%
|-
|6/1/2018
|1130
|0.89%
|2.17%
|993
|0.91%
|2.16%
|1118
|0.81%
|2.10%
|-
|5/1/2018
|1120
|1.08%
|2.10%
|984
|1.03%
|2.07%
|1109
|1.09%
|2.12%
|-
|4/1/2018
|1108
|0.91%
|2.31%
|974
|0.93%
|2.42%
|1097
|0.92%
|2.33%
|-
|3/1/2018
|1098
|0.64%
|2.14%
|965
|0.73%
|2.12%
|1087
|0.65%
|2.16%
|-
|2/1/2018
|1091
|0.18%
|1.87%
|958
|0.21%
|1.81%
|1080
|0.28%
|1.89%
|-
|1/1/2018
|1089
| -0.09%
|1.78%
|956
| -0.21%
|1.70%
|1077
| -0.19%
|1.70%
|-
|12/1/2017
|1090
| -0.46%
|
|958
| -0.42%
|
|1079
| -0.46%
|
|-
|11/1/2017
|1095
| -0.45%
|
|962
| -0.41%
|
|1084
| -0.37%
|
|-
|10/1/2017
|1100
| -0.36%
|
|966
| -0.41%
|
|1088
| -0.46%
|
|-
|9/1/2017
|1104
| -0.27%
|
|970
| -0.31%
|
|1093
| -0.27%
|
|-
|8/1/2017
|1107
| -0.36%
|
|973
| -0.31%
|
|1096
| -0.36%
|
|-
|7/1/2017
|1111
|0.45%
|
|976
|0.41%
|
|1100
|0.46%
|
|-
|6/1/2017
|1106
|0.82%
|
|972
|0.83%
|
|1095
|0.83%
|
|-
|5/1/2017
|1097
|1.29%
|
|964
|1.37%
|
|1086
|1.31%
|
|-
|4/1/2017
|1083
|0.74%
|
|951
|0.63%
|
|1072
|0.75%
|
|-
|3/1/2017
|1075
|0.37%
|
|945
|0.43%
|
|1064
|0.38%
|
|-
|2/1/2017
|1071
|0.09%
|
|941
|0.11%
|
|1060
|0.09%
|
|-
|1/1/2017
|1070
|
|
|940
|
|
|1059
|
|
|}
[[File:Screenshot 2024-08-12 093640.png|alt=|center|thumb|714x714px|https://www.apartmentlist.com/research/national-rent-data]]
[[File:Screenshot 2024-08-12 093640.png|alt=|center|thumb|714x714px|https://www.apartmentlist.com/research/national-rent-data]]
<ref name=":0" />
<ref name=":0" />
[[File:Screenshot 2024-08-12 093621.png|alt=|center|thumb|686x686px|https://www.apartmentlist.com/research/national-rent-data]]
[[File:Screenshot 2024-08-12 093621.png|alt=|center|thumb|686x686px|https://www.apartmentlist.com/research/national-rent-data]]
==== August 2024 ====
Rents decrease of -0.1% in August, and today the nationwide median rent stands at $1,412. This signals the end of the rental market’s annual busy season, as well as the second consecutive summer of modest rent growth, as the market remains sluggish thanks to a windfall of new supply. If historical trends hold, rents will continue to fall on a monthly basis for the remainder of the year.<ref name=":0" />
* Rents are down 0.1% month-over-month, down 0.7% year-over-year
* On the supply side of the rental market, our national vacancy index remains slightly elevated, currently standing at 6.7 percent.
* 59 of the nation’s 100 largest cities saw rents fall in August, in line with the broader national trend. And on a year-over-year basis, rent growth is negative for 52 of these cities.


==== July 2024 ====
==== July 2024 ====