Phoenix Rental Market Report for October 2014
October 2014 RENT Check™ Statistics
RENT Check is the ARMLS® monthly publication which examines the Phoenix residential rental market.
RENT Check also features the RENT Check Quotient™ (RCQ) which compares leasing activity to sales.
Also included in RENT Check is a heat map of active single family lease property all across the Valley.
What’s the RENT Check Quotient (RCQ)? It is the ratio of closed rentals to closed sales. For example, 1:2 (one to two) would mean for every 1 rental, there are 2 closed sales. 1:1 (one to one) would mean that the number of
closed rentals and closed sales are the same.