The apartment market has been sending mixed signals during the most recent quarter with debt financing and sales volume indicating favorable conditions while equity financing and market tightness indices came in below breakeven.

The data comes from the National Multifamily Housing Council's (NMHC) quarterly survey of apartment market conditions in July, which found that while equity financing continues to be less available than quarters prior, and a tight monetary policy environment persists, deal flow and opportunities to transact are showing signs of a rebound.

"Concessions have become commonplace in markets with elevated levels of deliveries, as survey respondents reported overall looser market conditions for the eighth consecutive quarter," said NMHC economist and senior director of research Chris Bruen. "Yet, this has not been for a lack of demand, which is helping to absorb this new supply at a healthy pace."