Matrix

Despite another slight drop in December, year-over-year growth remained between 3 and 3.3 percent for all 12 months.

Despite a November decrease, the national rent growth level has remained at 3 percent or higher since last spring.

Phoenix has jumped ahead as the highest-performing metro with a 7.9 percent increase in rent growth.

Despite a 20 basis-point decline in year-over-year growth, the market remains healthy, according to a Yardi Matrix survey of 127 markets.

Long-term rent growth has been steady at more than 3 percent for the past 12 months, according to a Yardi Matrix survey of 127 markets.

Year-over-year rent growth rose to 3.4 percent, up 10 basis points from June, according to a Yardi Matrix survey of 127 markets.

Average rents for the month jumped 3.3 percent year-over-year, 40 basis points more than they increased in May, according to a Yardi Matrix survey of 127 markets.

Rent growth in April averaged 2.5 percent, a 50 basis-point drop compared to April 2018, according to a Yardi Matrix survey of 127 markets. 

On a month-over-month basis, rent growth continues to be positive, increasing by $5 to $1,436, according to a Yardi Matrix survey of 127 markets. However, year-over-year growth has fallen to 3 percent.

Rents increased by $4 to $1,430 over the previous month, but year-over-year growth dropped by 20 basis points to 3.2 percent, according to a Yardi Matrix survey of 127 markets.

Rents increased by $2 to $1,426, while year-over-year growth remained at 3.6 percent, according to a Yardi Matrix survey of 127 markets.

Year-over-year growth has increased by 10 basis points to 3.3 percent, according to a Yardi Matrix survey of 127 markets, matching the highest rent growth since November 2016.