The peak season is in the final few weeks. Normally, this season lasts from about mid-June through to the Labor Day weekend. Currently the market is strong but there are still segments where the renters are in control.
Over the West's major rental markets, rents were up compared to the same 2005 quarter. Los Angeles showed the greatest increase. The Denver market was up only 0.5% and continues to be almost flat. Across the area home price increases slowed but the increased mortgage rates more that offset this trend. This is driving more people back to the rental market. The Denver Metro vacancy rate is 7.4% down from the almost 10% at the end of 2004.
