The Austin Rental market keeps chugging along, not burning up any records, but a slow march back toward the better rental rates Austin landlords once enjoyed. Below are the rental stats for January 2007. Since we’re at the start of the year, I’m not doing a Year-to-Day, as obviously that would just be January anyway, but I’ve included the 2005/2006 full year comparisons further below, from my year-end Austin Rental Market Summary summary last month. Also below is the Austin rental rate trend graph from 1999 through 2006.
Dec 2006
|
Jan 2007
|
Jan 2006
|
Yr % Change
|
|
# Leased |
538
|
594
|
579
|
2.6%
|
Avg List Price |
$1248
|
$1239
|
$1182
|
4.8%
|
Median List Price |
$1150
|
$1150
|
$1100
|
4.5%
|
Avg Leased Price |
$1238
|
$1235
|
$1173
|
5.3%
|
Med Leased Price |
$1150
|
$1145
|
$1100
|
4.1%
|
Avg Size SQFT |
1864
|
1876
|
1785
|
5.1%
|
Median SQFT |
1747
|
1771
|
1719
|
3.1%
|
Avg $ per SQFT |
$0.65
|
$0.66
|
$0.66
|
0%
|
Avg Days on Mkt |
60
|
61
|
47
|
30%
|
Median Days on Mkt |
51
|
50
|
51
|
2%
|
Below is the 2005/2006 full year comparison.