Mid-Atlantic Multifamily Market Reports


The Mid-Atlantic multifamily market exhibited modest softening in the first quarter of 2023. Despite the average price per unit increasing nearly 12% over the last year, in the Mid-Atlantic region, quarterly sales volume has seen a 39% decrease during the same period. Consistent with the national trend of slowing demand momentum, the Mid-Atlantic markets each saw a deceleration from the exceptional growth experienced in 2021. Rising interest rates and unsteady financial market conditions have slowed the market’s momentum.