Apartment sales volume dropped 18% in May, breaking an 11-month trend of growth

From Yahoo Finance: 2025-06-30 09:33:00

Apartment sales volume dropped 18% to $8.2 billion in May, breaking an 11-month trend of double-digit growth. RCA commercial property prices fell 1.1% year over year, with garden sales down 30% to $4.6 billion. Despite a spike in trades, the market still lags pre-pandemic levels.

Doug Root of Blackfin Real Estate Investors remains optimistic about the market, hoping more sellers will list properties. Owners are adjusting expectations as interest rates and cap rates remain uncertain. Some struggling owners may be forced to sell due to maturing debt and market conditions.

Douglas Wilson of Douglas Wilson Co. notes an increase in lenders seeking solutions for problem properties. More owners are facing the reality of market conditions and the need for resolutions. Subscribe for daily multifamily and apartment news updates.

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