NEW YORK CITY-According to a just released quarterly report from market research firm Real Capital Analytics, year-to-date sales volume is ahead of activity seen in 2010, despite the uncertain economic climate.
Sales volume for the quarter topped out at $49.8 billion—a 38% increase compared to the same period a year earlier. Still, however, the Q3 volume was well below that seen mid-year.
Most notable, however, the RCA data shows that investors are moving beyond major markets—with markets like DC and Boston falling out of favor—and more investor interest shown in outlying areas. RCA founder and president Robert White says that this is a positive trend.
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