Both new and leased listings of single-family rentals rose annually in Houston last month, according to the Houston Association of REALTORS®.

HAR’s April Rental Market Update showed that leased listings rose 5.1% year over year, with 3,957 leases signed during the month. Meanwhile, new SFR listings jumped 11.8% year over year, with over 6,000 units on the market, and the average lease price increased 1.8% to $2,330.

“The rise in both leased and new listings shows continued demand for rental housing,” HAR Chair Shae Cottar said in a press release. “The upswing in leasing activity is influenced, in part, by would-be buyers navigating the current economic climate with a more cautious approach and choosing to rent.”

New and leased listings decreased for townhome and condo rentals, however. Leases decreased 3.2% year over year, with 610 leases signed, while new listings dropped 4%, with 1,033 total units for rent.