Las Vegas NV Area September 2009 Rental Home Market Report
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: September 2009: 1849 August 2009: 2011 July 2009: 2029 June 2009: 1853 May 2009: 1760 April 2009: 1677 March 2009: 1825 February 2009: 1702 January 2009: 1651 December 2008: 1390 November 2008: 1405 October 2008: 1707 September 2008: 1531 Average Monthly Rental Rates: September 2009: $1477 August 2009: $1255 July 2009: $1405 June 2009: $1299 May 2009: $1348 April 2009: $1348 March 2...
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