Survey shows apartment sales slowing

Market strength still near all-time high, according to index

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The apartment market is strengthening, according to a quarterly survey by the National Multi Housing Council, a group that represents apartment owners, developers, managers and financiers.

The council’s January 2006 Quarterly Survey of Apartment Market Conditions found that fully 70 percent of respondents reported improved demand for apartments, measured by lower vacancy rates, higher rents or both.

For the past four quarters, about 5 per