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Housing Market: US: Difference between revisions
→Rent Developments
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== Rent Developments == | == Rent Developments == | ||
[[File:Screenshot 2023-11 | [[File:Screenshot 2023-12-11 091648.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
[[File:Screenshot 2023-11 | [[File:Screenshot 2023-12-11 091700.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
=== November 2023 === | |||
The rental market’s seasonal slowdown continued this month, with the nationwide median rent falling 0.9 percent to $1,340. This marks the fourth consecutive month of negative rent growth, and low apartment demand during the winter holiday season will likely continue to push rents down for another month or two. | |||
* Rents are down 0.9% month-over-month, down 1.1% year-over-year | |||
* Year-to-date, rents are up just 0.2 percent and trending slower than every previous year measured by our index, aside from 2020. | |||
* On the supply side of the market, our national vacancy index stands at 6.4 percent, slightly higher than the pre-pandemic average. | |||
* Rents down month-over-month in 89 of 100 largest cities, down year-over-year in 68<ref name=":0" /> | |||
=== October 2023 === | === October 2023 === | ||