Statistics have remained remarkably level across the board, with apartment occupancy remaining above 90%.
Supply is up with 200 new properties added to the market, with demand remaining more or less level.
Here are a few of the key statistics to pay attention to:
- Total home leases increased by 4%
- Total property leases increased by 9%
- Total single-family home leases increased by 6%
- The median price per square foot for apartments, etc., dropped by 6 cents
- The median price per square foot for single-family homes remained steady
The main takeaway is that the leasing market throughout Austin remains extremely healthy, with steady growth seen in many different segments.
