9% above last August. Looking forward, strong recent sales activity indicates 5. 93 million sales in 2021, a 5. 1% increase over a traditionally strong 2020. In the rental market, regular monthly lease development had actually been speeding up because January, but finally took an action back in August, slowing down to 1. 7% growth in August from July's record-high 2%.
5% yearly gratitude is the largest in Zillow records going back to 2015. Common U.S. rents measured by the Zillow Observed Lease Index (ZORI) are $1,874, nearly $200 higher than this time last year. Rents are up the most from in 2015 throughout the Sun Belt, specifically in Las Vegas (24.
8%), Tampa (24. 7%) and Riverside (20. 6%). Leas fell month over month in Kansas City and Richmond, and stayed flat in Cincinnati. United States $303,288 17. 7% 1. 8% 4. 1% $1,874 1. 7% New York City, NY $561,677 14. 0% 1. 4% 0. 4% $2,693 1. 7% Los Angeles, Long Beach, Anaheim, CA $837,312 19.
6% 2. 1% $2,630 2. 0% Chicago, IL $282,568 14. 0% 1. 5% 3. 7% $1,721 0. 9% Dallas, Fort Worth, TX $320,045 21. 0% 2. 6% 4. 0% $1,684 2. 0% Philadelphia, PA $306,033 17. 0% 1. 2% 2. 7% $1,705 1. 5% Houston, TX $263,096 16. 8% 2.
8% $1,519 1. 1% Washington, D.C. $516,846 13. 9% 0. 7% 1. 6% $2,125 1. 6% Miami, Fort Lauderdale, FL $364,216 16. 4% 2. 1% -2. 7% $2,343 3. 0% Atlanta, GA $308,095 21. 5% 2. 5% 3. 6% $1,827 3. 0% Boston, MA $599,735 16. 8% 1. 3% -1.
7% San Francisco, CA $1,331,868 17. 9% 1. 5% 1. 9% $3,092 0. 7% Detroit, MI $223,461 18. 4% 1. 5% 9. 5% $1,397 1. 3% Riverside, CA $506,174 26. 6% 2. 7% 6. 2% $2,393 2. 0% Phoenix, AZ $401,673 31. 8% 2. 5% 3. 6% $1,806 2. 7% Seattle, WA $681,045 23.
0% 1. 7% $2,194 1. 9% Minneapolis, St. Paul, MN $350,110 14. 5% 1. 2% 6. 0% $1,590 0. 3% San Diego, CA $802,680 26. 9% 1. 9% 2. 6% $2,649 2. 2% St. More Details , MO $218,878 15. 8% 1. 0% 4. 8% $1,191 0. 5% Tampa, FL $303,374 25.
0 
Star