Apartment occupancy has perhaps reached an inflection point – a sign of stability – according to data from RealPage Market Analytics

For the first time since February 2022, the national average for apartment occupancy ticked up month-over-month to stand at 94.2% in April 2024.

This is 10 basis points (bps) above March's reading. The rise is reflected in all four apartment regions – Northeast, Midwest, South, and West.

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