1037 ET - Rent prices fell year-over-year for the 25th consecutive month in August, while also registering the first month-over-month drop since March 2025, signalling the expected seasonal slowdown heading into the fall, according to Realtor.com. Meanwhile, more than two years of declining rents are sparking moving plans for many renters to gain space, save money or explore a new area, Realtor.com says. In August, asking monthly rents dipped by $38, or down 2.2%, year-over-year. The median asking monthly rent for studios to 2-bedroom units in the 50 largest metros dropped $46, or down 2.6%, to $1,713, compared with the August 2022 peak. But that's still $249, or 17%, higher than the pre-pandemic level, Realtor.com says. (chris.wack@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 10:37 ET (14:37 GMT)

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