Is your leasing market improving? If so, where and how much?

Question

Wondering what folks are seeing out there. I'm seeing properties moving a bit faster since the new year started but Feb feels stagnant compared to Jan.

Matt Thelen · Answer

I gather info for every market and/or state in the US and 43 of 67 markets and states (all across the US) I track saw Days on Market (DOM) decrease month over month. So that's great. BUT, year over year 61 of the 67 are up so most markets are moving slower than last year.

I'm in Denver which was hit hard by class A multifamily deliveries and less population infow. Current DOM is 57 which is 10% better than last month but almost 50% higher than the same month in 2024.

If you share your market (either big city or state) I'm happy to tell you how it has trended.

James Roberts · Answer

Sure...in AZ

Drew Sygit · Answer

There will be no miracles this year for DOM.

Is your leasing market improving? ﻿﻿﻿If so, where and how much?

3 Replies

Is your leasing market improving? If so, where and how much?