Multifamily Transactions See Dramatic Drop in 2020 via Multifamily Executive Magazine

Multifamily transactions were down sharply in 2020 due to the COVID-19 pandemic, according to a Yardi Matrix report.

Through the first three quarters of 2020, $50.6 billion of multifamily property sales had been completed nationwide, dropping 41.7% from $86.5 billion through the same period in 2019. According to Yardi Matrix, it will be a challenge for full-year volume to get close to 2019’s record high of $127.8 billion.

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