No. 2 Strongest Third Quarter on Record
Transaction activity accelerated in the third quarter of 2019 to $141.9B—up 9% quarter-over-quarter. Third quarter volume was down 8% compared to a year ago, but Q3 2019 was still the second strongest third quarter on record for transaction volume.
U.S. multifamily volume growth eased in the third quarter, following a strong second quarter. Transaction volume declined 12.1% year-over-year. However, YTD, investors deployed capital in multifamily assets to the tune of more than $122 billion, a 5.2% increase over the same period in 2018.