The latest MSCI report showed multifamily property prices were down 0.4 percent month-over-month in May and down 1.12 percent year-over-year.
It appeared multifamily prices had finally bottomed in late 2024, however, they have been falling for the last 4 months and are now at prices last seen in April 2021, down 19.7% from the peak.
Source: Yield PRO
Multifamily Market News 