The Race to Rent

• With peak rental season underway, homes to rent continue to be in high demand and are renting quickly. The median time on the market from listing to finding a renter is just 12 days meaning that over half of all homes are being rented in less than 2 weeks.
• There’s a similar picture in all regions across the country but there are some properties renting even quicker than others. 1-bed flats are currently flying off the books most quickly in an average of 10 days, with 43% let in under a week.
• This is likely to get even quicker over the next few weeks. In July and August last year, properties took just 10 days, on average, to rent.

Source: Dataloft Rental Market Analytics by PriceHubble, Information Works. July 2024