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