| APARTMENT MARKET CONDITIONS |
| Apartment market conditions are updated as: Rental rates – three times annually; sale activity – monthly; new construction currently in process – weekly; and construction starts during the past 30 day period – twice weekly. |
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| Rental Market | |
Current Metropolitan Area Rental Rates 06/2010
| Low | High | Average | One Bedroom
| $ 495 | $ 6,401 | $1,395 | | Two Bedroom/Two Bath | $ 670 | $11,575 | $2,103 |
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| New Construction on 06/28/2010 | |
| Properties Under Construction | 25 | | Units Under Construction | 3,457 | Construction Starts, Last Thirty Days (subscribers)
| | Construction Completions, Last Thirty Days (subscribers)
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| Twelve Month Sale Activity | |
| | Period | Change | | | 2009 | 2010 | Number | Percent | *Twelve Month Sale Activity
Sales reported are among properties 50 units and larger.
*Period = (May2008 - Jun2009) - (May2009 - Jun2010) | 12 | 15
| +3 | 25.0% | Sales Completed --
Most Recent Sixty Days (Properties - # of Units) | - | 5-620 | - | - |
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