JB Goodwin successfully gets homes leased faster than the MLS again for another month as demand remains level and the supply of properties in Austin gains nearly 500 more properties over 2017’s numbers.
Take a look at some of the key statistics below:
The total number of properties for lease is up a dramatic 20% over 2017.
The total number of leases closed however dropped three percent, which means that it could be more difficult for prospective landlords to lease their property out as quickly as the past.
There are 27% more single-family detached homes that are available for lease than there was in February 2017.
The price per square foot for apartments and other properties dropped 6 cents per square foot. Meanwhile, the price per square foot for single-family detached homes remained the same at $1.15 per square foot.
Are you a landlord that is struggling to find somebody to lease out your property? Or are you a renter that is looking for a new home? Whichever side of the fence that you sit, contact the experts at JB Goodwin to help you reach your real estate goals.