June 2025 Rent Check

The June 2025 Rental Market Summary shows notable changes in supply and demand across the rental sector. Active listings rose to 5,793, up 8% from the previous month and 18% year-over-year, while under-contract rentals climbed 6.4% month-over-month. Closed rentals dipped slightly to 2,190, down 3.3% from May but nearly flat compared to June 2024. New listings reached 3,345, reflecting continued supply inflows. The average days on market dropped to 44, signaling quicker leasing activity despite increased inventory. Price-per-square-foot data remained stable, with variations across rental tiers. A months-of-supply analysis revealed tighter conditions in lower-priced rentals, while higher-end units had greater availability. Overall, the June report reflects a rental market balancing rising supply with steady demand