COVID-19 has rocked the apartment transaction market, like almost every other part of the economy. But, at least by one measure, things are getting back to normal.
Travis Farese, CEO and founder of Offerd, says multifamily listing activity increased in August with 125 assets on the market. He culled various sources to develop his analysis. That is the largest number of new listings since 175 assets were listed in February—before COVID fully hit the US.
"While these are listed properties, not off-market, each is related," Farese says. "Typically more listing activity is an indication of sellers' willingness to sell on or off-market. This increase coincides with what we have seen off-market within our firm."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
