October 2007 saw a healthy jump in Las Vegas Rental Home units leased from September 2007 and up from one year ago also.  Average rents have decreased from one month, median rents stable as we saw inventory rise yet absorption remained healthy.

Units Leased:

  • October 2007:  1501
  • September 2007:  1387
  • October 2007:  1102

Average Monthly Rental Rates:

  • October 2007:  $1511
  • September 2007:  $1603
  • January 2007:  $1295
  • October 2006:  $1811 (irrational jump for one month) 

Median Monthly Rental Rates:

  • October 2007:  $1295
  • September 2007:  $1295
  • October 2006:  $1200
Absorption Rate is stable and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

 
This post has been included in Nevada Information Clark County, NV Information

1 Comments on Las Vegas October 2007 Rental Home Report

NOV
14
2007
389,613 Points 74 Featured Posts Outside Blog
Nice visuals...lots of green near me too:)
6:03pm • #1

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