The number of properties trading hands declined in the 3rd quarter, however, on an annual basis, both the dollar volume and number of properties trading were up.
The average price per unit was $227,167 in 3rd quarter. The per unit pricing averaged about $151,000 from 2015 to 2019.
Cap rates for apartment transactions occurring in 3rd quarter 2025 averaged 5.63%, the highest cap rate in more than eight years and well above the pandemic-era low of 4.65% from 2nd quarter 2022.
Source: RealPage
Multifamily Market News 