2019 Apartment Transactions
- Jun 21, 2019
transactions greater than $500,000; $ in billions
Total investment volume for apartment transactions reached $61 million in the first quarter of 2019. Year-over-year through March, sales volume increased by 7.5 percent, or by roughly $4.3 million. Although investment volume in the first quarter of 2019 outpaced the same quarter in 2018, the number of sold properties decreased by 5.2 percent year-over-year. A total of 6,382 properties sold as of March 2019, while 6,730 properties traded in the first quarter of 2018, surpassing the 2019 number by 348 assets. Per-unit prices increased by 7.6 percent in the first quarter of 2019 compared the first quarter of the previous year, while the number of sold units slightly decreased. More than 404,000 units traded in the first quarter of 2019, while some 405,200 units sold in the same interval of 2018, indicating the prices are on the upswing and are likely to further expand.
—Posted on June 21, 2019