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Houston’s single-family rental homes saw an 6.8% increase in leased properties compared to last February, according to the Houston Association of Realtors’ February Rental Market Update released March 18.
By the numbers: Alongside the higher number of leased single-family homes, the average lease price declined by 0.6% compared to last year. The number of days on market for homes, however, increased, jumping to 50 days compared to 44 days last year, per the report.
What else: The townhome and condominium market saw some movement this past month as well. There were 569 properties listed, representing a 4.2% increase from the 546 units last February. The lease price also dropped by 3.6%, and the days on market increased to 56 days, up from 52 the previous February, per the report.
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