THE DAILY DOSE
May 3, 2023
Apartment List National Rent Report May 2023
Overview
Welcome to the May 2023 Apartment List National Rent Report. Our national rent index increased by 0.5 percent over the course of April. This is the third straight monthly increase in rent prices, but represents a slight slowdown from last month at a time of year when growth is typically picking up steam. This month’s increase was also less than the typical April price change that we saw in pre-pandemic years. Even though prices are trending up again, a combination of sluggish demand and increasing supply is keeping rent growth in check.
LOCAL MARKET TRENDS APRIL 24 - MAY 1, 2023
LOS ANGELES
Median Price – $1,395,000
Active Listings – 2115
New Listings ( last week) – 170
Median Days on Market – 53
WHITTIER
Median Price – $798,000
Active Listings – 66
New Listings ( last week) – 12
Median Days on Market – 35
ORANGE COUNTY
Median Price – $1,395,000
Active Listings – 2115
New Listings ( last week) – 170
Median Days on Market – 53
