The prices on Craigslist rental listings are lowest on this day – SFGATE

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This studio “cottage” in the Outer-Sunset shows us both one of the last neighborhoods a single person could rent a separate unit as well as what that person could rent for $2,000 or under. Source: Craigslist
Data via Zumper.com
Now to Seattle. In the Kirkland building, you can rent a one-bedroom condo with garage and W/D in unit for $2,000 a month. Source: Craigslist
Portland, OR rents are up this year. Now, $1,915 buys you a one-bedroom in John’s Landing. Source: Craigslist
In Austin, Tex., you can rent this swanky one-bedroom for $1970 a month. Source: Craigslist
Nashville, Tenn., is one of the cheaper cities on this list. For $1,900, you could rent this four-bedroom on Woodland Ave. Source: Craigslist
A UC Berkeley Ph.D. candidate took a close look at 11 million rental listings on Craigslist throughout the U.S. between May and June 2014, analyzed the data and discovered something that everyone already knows: Rentals in the Bay Area aren’t cheap.
Urban planning student Geoff Boeing found that the Bay Area as a whole, stretching out to less expensive areas such as Antioch and Vallejo, is the second most expensive rental market in the country, after New York. When you look solely at San Francisco and Silicon Valley, the region jumps to the number-one spot.
While conducting his analysis, Boeing discovered something that might be lesser known.
Craigslist rental listings are 11.5 percent higher on Mondays compared to Sundays.
“I’s a very preliminary finding” Boeing said. “It’s not something we expected to find. It’s not something we have looked into more deeply at all.”
He added: “If I were to have a working hypothesis, people are posting in greater volume over the weekend when they have more time. The sellers might be thinking more pie-in-the-sky and it’s like let’s see what we can get, and they put a high price on then rental. And then when it doesn’t rent, they drop the price on Monday. With all the caveats that’s an unfounded hypothesis.”
Boeing’s findings were published in the Journal of Planning Education and Research on Aug. 23.
What do you think? Why are rentals less expensive on Mondays compared to Sundays?
Amy Graff is the news editor for SFGATE. She was born and raised in the Bay Area and got her start in news at the Daily Californian newspaper at UC Berkeley where she majored in English literature. She has been with SFGATE for more than 10 years. You can email her at agraff@sfgate.com.

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