Understanding Lease Activity Index Trends in Key Cities <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119041651.png" alt="" width="" height="" style=""></figure></div>​ The lease activity index provides a snapshot of rental market trends by measuring the ratio of pending leases to the combined total of active and pending listings in various cities. This metric helps evaluate the pace and demand of rental properties in a given area. Below, we analyze the lease activity index for several cities, highlighting variations in rental market performance and insights into leasing trends.Austin leads the data with 3,475 active listings averaging 64 days on the market and a price of $2,668. Pending listings stand at 912, averaging 57 days and $2,442 in price. The leased properties in the past 90 days totaled 2,894, with an average price of $2,470. The lease activity index for Austin is 20.8%, reflecting steady demand in a competitive rental market. Additionally, Austin shows 2.9 months of inventory, indicating a relatively balanced market, with a lease-to-list ratio of 99.8%.Bastrop presents a smaller market size, with 62 active listings priced at $2,052 and 15 pending listings at $1,954. The lease activity index here is 19.5%, with 27 leased properties in 90 days, averaging $2,103. Bastrop's lease-to-list ratio of 100% showcases strong demand and successful conversions of listed properties to leased agreements.Cedar Park stands out with an impressive lease activity index of 28.8%, supported by 148 active listings priced at $2,438 and 60 pending leases averaging $2,452. Cedar Park also recorded 210 leased properties in the last 90 days, with an average price of $2,258. This high activity index signals robust leasing demand and efficient market turnover. Furthermore, the lease-to-list ratio here is 99.7%, reinforcing its status as a high-performing rental market.Del Valle, while a smaller market with 33 active listings priced at $2,062, also shows a balanced lease activity index of 15.4%. With six pending leases and 44 properties leased in 90 days, Del Valle maintains a healthy lease-to-list ratio of 101.1%, the highest in this dataset.In Georgetown, there were 273 active listings priced at $2,256 and 84 pending leases at $2,234. The lease activity index is 23.5%, indicating a strong demand for rental properties. Georgetown recorded 172 leased properties in 90 days, with an average price of $2,156. The lease-to-list ratio stands at 99.8%, further showcasing a vibrant leasing market.Hutto also reveals an active leasing environment, with 124 active listings and 43 pending leases, resulting in a lease activity index of 25.7%. The average lease price for active listings is $2,157, while pending leases are at $2,042. In 90 days, 96 properties were leased at an average price of $2,032. Hutto’s lease-to-list ratio is 99.9%, emphasizing its robust rental market.Kyle follows with a lease activity index of 23.7%, based on 213 active listings and 66 pending leases. With 189 properties leased in the last 90 days, Kyle has a lease-to-list ratio of 99.8%, reflecting a healthy leasing performance and strong demand for rental properties.These statistics highlight the leasing trends and market conditions in each city. Cities like Cedar Park, Georgetown, and Hutto stand out with higher lease activity indexes, demonstrating strong rental demand and efficient lease turnover. Meanwhile, cities like Bastrop and Del Valle show stable yet slightly lower activity, suitable for tenants and investors seeking balanced markets. Understanding these dynamics is crucial for making informed decisions in Texas' competitive rental market.

Discover the latest trends in Texas' rental market with our detailed analysis of the lease activity index by city. Learn about market conditions, demand, and leasing dynamics across Austin, Cedar Park, Georgetown, and more. Stay informed with insights into pricing, lease-to-list ratios, and market activity to navigate Texas' competitive rental landscape effectively.

Texas Lease Activity Index: Insights into Rental Market Trends by City

Rental Market Trends by City

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