Supply remains level while demand continues to grow by 7.5% in 2018, with prices remaining level from 2017.
Total leases are up across most property types, with home leases up 10% compared to the first four months on 2017.
Here are a few of the key statistics to pay attention to:
- Total leases are up 7.5%
- Property leases are up 2%
- Leases of single-family homes remained relatively level
- The median price per square foot of both apartments & single-family homes remained more or less level
Steady growth is the name of the game in Austin's tight leasing market. Overall statistics remained consistently level across the board, with modest growth in several key areas.