Apartment volume fell for the fourth straight month in May—dropping 27% year over year, to $8.4 billion, according to Real Capital Analytics.
All property segments are slowing down. “Transactions involving portfolios and entity-level deals led the decline in May, with volume down 51% year over year on sales of $1.1 billion,” RCA wrote. “Still, this segment of the market is not behind the overall downward trend of recent months. Single-asset deals were down an average of 20% year over year in each of the last three months.”
Read more...Apartment Volume Falls 27% in May | Multifamily Executive Magazine