Austin Rental Market Update – October 2005

Rental Market Update October 2005

Average rents in Austin improved very slightly in August over July to $1258 per month. The average rented price per square foot remains at $0.69 citywide and the average size rental home is 1823 square feet.

A total 4,456 single-family homes have leased through the Austin MLS Jan 2005 thru Sep 2005, an average of 495 homes per month. We continue to have just below 3 months of rental inventory in Austin, which is an over-supply and remains a renter’s market. Homes take an average of 58 days to rent in Austin.

2005 median rents remain at $1150, the same level as the 2003/2004 median rents. See graphs below.

Call or email Steve Crossland with questions or comments. You can download a pdf version of this report by clicking here. Also, let me know if you’d like this repoert emailed to you each month.

2005 Year to Date Leasing fro Austin MLS

Historical Austin Leasing by Year

Posted by Steve
10 years ago
Steve

Steve is a Real Estate Blogger, Husband and Dad, UT Austin Grad, Runner, Real Estate Broker and owner of Crossland Team and Crossland Real Estate in Austin TX.