By JASON FLEMINGER | USA TODAY BENTONVILLE, Fla.

– A surge in new rental applications in the last few months has led to a significant jump in the number of apartments that have been sold for $500 or less, the BENTonville Rentals website said Monday.

In its second annual “Real Estate Report” released last week, the Rentals site showed an average of 7.9% of new apartments being sold for under $500.

That’s the highest since 2007, the site said.

The numbers are a sign that the housing market continues to tighten as the U.S. economy recovers from the Great Recession.

The median selling price for all U.s. apartments was $532,638 in January.

In the first quarter of this year, the median selling prices rose to $531,062.

Rentals CEO Mark Mone said the market is “hotter than you would expect” due to the Great Depression-era economic downturn and that it is now at a “bubble” level.

He said that the economy is improving and that rental applications are up, but that more new listings will come online in the next few months.

Mone said there are about 2,000 new rental listings in the country.

The site said a total of 1,800 properties are listed for rent in Florida, including a whopping 400 that are for sale, up from the number that were listed for sale in January, when the average monthly rent was $1,092.

Mitch Bowers, president of Bowers Rentals in South Florida, said that there are a number of reasons why there’s been a surge in apartments that are being sold.

For instance, people who have already been looking for a place to live are starting to make the move, he said.

Bowers said his company is working with tenants to help them find homes that are “the right size and location” and to provide renters with information on what properties are available.

Bowers said that about 85% of properties that are listed on the Renters website are “substantial” rentals and that that is a key point for renters.

Mone noted that some of the rental listings are on the market for about 30 days, while others are only available for a short time.

Mowards said that because of the increased demand, it is difficult to predict how many properties are going to go on the Market.

Mowards also said that renters have been waiting longer for a home.

The average stay on Renters is about 10 days, with about 50% of people waiting at least a month, he noted.

Mallory Prentiss, who owns an apartment rental company in North Miami, said the boom in the rental market is good news for the city.

She said the rental industry has always been tough on renters.

For example, she said, in the 1980s, there were only a few rental properties in the city, so renters were limited in the housing options they could take advantage of.

Prentis said she has rented a condo, a one-bedroom apartment, and an apartment for the past six months, and her landlord is still renting her a place.

“We are seeing a lot more landlords making a lot of money from rental properties, and it is really good news,” Prents said.

She added that a lot has changed in the past year, and many people are feeling more confident about finding a home to live in, even if they haven’t yet found one.

“I think there is more confidence that the rental sector is in the right place, and I think it’s great news,” she said.

Morrow said that he’s not surprised that rental listings have jumped in the market.

“There has always made me a little nervous about the rental marketplace, because we were very much the only one who had the choice of owning our own home or renting,” he said, adding that the lack of affordable housing and the rise in foreclosures and homelessness in recent years have made it difficult for many renters to make ends meet.

Moomins office declined to comment on any rental developments.