In the third quarter of 2025, less than 50,000 units were delivered across southeast apartment markets. That was well behind the peak delivery load of more than 65,000 units per quarter during 2024.
The volume currently underway has also fallen, and by Q3 2027, annual supply in the southeast will move below pre-COVID averages, at about 24,000 units.
Source: RealPage
Multifamily Market News 