The AARMLS 2013 year in review states, "There were 43,111 rentals in 2013, up from 37,941 rentals in 2012, a change of 13.6% year-over-year. The average closed lease price for 2013 is $1,279, $25 more than the average lease price in 2012. Average days on market increased by 2 days over 2012 to land at 45 days in 2013."
In 2013 the most rentals were closed in August at over 4,000 for the month. The other high performing months were May, June and July right at 4,000 for each month. Their tends to be the highest turn over during the summer months which could be due to families trying to get settled before the school year. We all know the middle of summer is not the easiest time to move in the Arizona heat but it's a must for some so it's a good time to put a rental on the market.
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