National prices sank another 0.8% in December, according to the latest data from Apartment List. The market cooldown remains widespread, with rents down in 90 of the nation’s 100 largest cities this past month. National month-over-month rent change is steeper than in of previous years.
Some highlights below:
Rents in Dallas decreased 1.1% month-over-month in December, compared to a 0.8% decrease nationally.
Year-over-year rent growth in Dallas currently stands at 6.2%, compared to 0.7% at this time last year. Year-over-year growth in Dallas ranks #18 fastest among the nation’s 100 largest cities. Rents in Dallas are up by 21% since the start of the pandemic in March 2020.
Median rents in Dallas currently stand at $1202 for a 1-bedroom apartment and $1436 for a two-bedroom.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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