Las Vegas October 2007 Rental Home Report

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

Last Month's Report