Supply continues to remain level as demand is up 4% so far in 2018, compared to a 10% increase by this time last year. Rental prices have remained more or less level through 2017 and into 2018.
The average price per square foot of a rental in Austin are $1.33 for apartments/townhomes and $1.15 for single-family homes.
Specific stats to look out for:
- Home leases are up 6%
- Property leases are up 1%
- Single-family home leases are down 6%
Total leases are up across the board: apartments, condos and single-family homes at an average of 4%.
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