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Multifamily volume surged by 21% in August, reaching $8.2 billion in trades and maintaining its position as the leading asset class in terms of volume.
In May, the total traded volume of $19.8 billion marked a 71% decline compared to the previous year. This decrease comes as no surprise, as the volume reached its peak in Q2 2022 on a four-quarter rolling basis.
Investment sales volume is down 72% in November compared to one year ago. Year-to-date volume aligns with 2021’s record levels, thanks to strong numbers posted in early 2022.
Recent geopolitical events, high inflation, and interest rate hikes have introduced uncertainty to the multifamily market, following years of bullish growth in occupancies and rents.