US EditionPublished • loading... • Updated
Where are California rentals vacant the longest?
Vacant rental units in six California metros rented in 28 days on average, faster than the U.S. pace of 31 days, reflecting tighter local market conditions, ApartmentList data shows.
- Over the six months through November, ApartmentList data show all six California metropolitan areas rented faster than the U.S. pace, Jonathan Lansner, business columnist for the Southern California News Group, reviewed.
- ApartmentList's metro coverage indicates tight markets rent units quickly, while tenant-favoring conditions lengthen vacancies, and heavy Southern U.S. construction has created renter-friendly markets with plentiful empty units.
- Sacramento, California averaged 22 days, Los Angeles–Orange County metro recorded 29 days, and California statewide saw typical units rent in 28 days, ApartmentList found.
- Renters in California face reduced shopping time as the time-on-market benchmark shows quicker decisions than metros like Columbia, South Carolina, and Virginia Beach, Virginia, which rented units in 20 days, ApartmentList found.
- Nationally, observers note the market is slower than its seven-year average, while Tucson, Arizona, was the slowest metro at 43 days, ApartmentList data show.
Insights by Ground AI
14 Articles
14 Articles
Coverage Details
Total News Sources14
Leaning Left2Leaning Right2Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 16%
C 69%
15%
Factuality
To view factuality data please Upgrade to Premium
