The FIDI Report: 2Q2023
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Sales:
• The average price is now $1,427,806. An 18% increase from Q1 2023, and a 17% decrease YoY.
• Units sold increased 48% QoQ but decreased 13% YoY.
• Studios took the lead on transaction growth with a 120% increase in units sold QoQ and 47% YoY.
Rentals:
• Average rent surpassed $5,000 for the first time in FiDi, a historical high in our years of data collection.
• Total inventory and units rented both increased 27% and 24% YoY respectively.
• The three-bedroom plus category saw the largest increase in average rent at 129% QoQ and 61% YoY.
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