Apartment Sales Rise Slightly to $36.7 Billion in Q2, According to MSCI
In the second quarter of 2026, apartment sales increased by 1% year over year to reach $36.7 billion, according to a report from data firm MSCI Real Assets shared with Multifamily Dive. Despite this modest growth, both individual asset and portfolio sales declined for the first time since early 2024. The Veris Residential privatization deal of $3.4 billion was instrumental in preventing an overall volume drop; without it, apartment sales would have fallen by 8%. Apartment prices fell 1.7% year over year during Q2, marking the second consecutive full year with negative price growth. Cap rates for garden properties and mid- to high-rise buildings averaged 5.9%, significantly higher than their cycle lows of around 4.5%. Jim Costello from MSCI noted a recent slowdown in deal volume after previous quarters showed steady increases. The first half of the year has raised uncertainty about future apartment sales trends, with mixed performance across different property types and transaction categories.
Topics: cap rates multifamily housing real estate sales volume