Asking Rents Declined in November as Market Continues to Moderate

December 8, 2023 Demetria Lester

Asking rents have declined year-over-year in three of the last four months, according to a new Rent.com report, dropping a total of four times in 2023. As prices continue to climb in the Midwest, other regions saw annual declines in November, as the market continues its seasonal slowdown.

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Asking Rents Declined in November as Market Continues to Moderate
Asking Rents Declined in November as Market Continues to Moderate

Asking rents have declined year-over-year in three of the last four months, according to a new Rent.com rep...