From Yahoo Finance: 2025-05-28 11:43:00

Despite economic turbulence from President Trump’s tariffs, apartment sales volume increased 20% year over year to $9.2 billion in April, as reported by MSCI Real Assets. RCA commercial property price indexes fell 1% YOY in April, an improvement from the previous year’s 7.3% decline.

Garden apartment transactions rose 4% to $5.2 billion in April, while mid- and high-rise property sales jumped 50% YOY to $4 billion. Single-property sales fell 2% to $6.9 billion, but portfolio and entity-level trades surged 267% to $2.3 billion, offsetting the decline.

Apartment executives are optimistic about the sales market gaining momentum throughout 2025, with Equity Residential CEO Mark Parrell noting that asset prices seem unaffected by higher rates and uncertainty. EQR maintains guidance of $1.5 billion in acquisitions and $1 billion of dispositions this year.

Essex Property Trust made $345 million in Northern California acquisitions funded by Southern California dispositions. Bidding remains aggressive in West Coast markets, with limited changes in market participation since April 2, according to Rylan Burns, EVP and CIO at Essex.

Overall, the multifamily sales market is showing resilience and potential for growth in 2025, with executives expressing optimism despite economic uncertainties and market fluctuations.

Read more: Apartment sales volume jumps 20% to $9.2B in April