rental saturation in high-demand housing markets?

[Keith A.]

This market is odd. Rental prices in my area are all over the place. From strange high prices that don't make sense, to too many properties dropping their already sensible prices due to not leasing. I'm in the north Dallas area. Anyone seeing this in their otherwise "good" RE market? I'm listing a property soon, but looking at comps I think I am going to have to list it for LESS than the last tenants that signed 3 years ago. I have no problem doing this, but it will be the first time in 20 years that I've decreased rent from tenant to tenant.