Realtor.com releases June rental report, shows Austin had largest drop year-over-year
Editor’s Note: The above video shows KXAN News’ top morning headlines from Thursday, July 18, 2024.
AUSTIN (KXAN) — Rent prices fell in June for the 10th consecutive month, and the largest declines were in the south, according to Realtor.com.
During the month, Austin saw the biggest year-over-year (YoY) decline at -9.5%, with the median rent (0-2 Bedrooms) being $1,481. Realtor.com said the decline in rents was mainly due to a significant increase in the supply of new rental units.
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