The sales volume of apartments in the United States increased in July 2024, according to the National Multifamily Housing Council's (NMHC) market tightness index. The index is a standard diffusion index and is based on a quarterly survey among NMHC members. A value over 50 indicates growing sales volumes, while under 50, it indicates that the market is contracting. In October 2021, the sales volume index reached its peak at 79 index points, meaning that sales volumes had increased the most according to industry experts. In July 2024, the index stood at 57 index points, noting an improvement from the October 2022 dip.
Apartment sales volume index in the United States from January 2016 to July 2024
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NMHC. (July 22, 2024). Apartment sales volume index in the United States from January 2016 to July 2024 [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/
NMHC. "Apartment sales volume index in the United States from January 2016 to July 2024." Chart. July 22, 2024. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/
NMHC. (2024). Apartment sales volume index in the United States from January 2016 to July 2024. Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/
NMHC. "Apartment Sales Volume Index in The United States from January 2016 to July 2024." Statista, Statista Inc., 22 Jul 2024, https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/
NMHC, Apartment sales volume index in the United States from January 2016 to July 2024 Statista, https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/ (last visited October 05, 2024)
Apartment sales volume index in the United States from January 2016 to July 2024 [Graph], NMHC, July 22, 2024. [Online]. Available: https://www.statista.com/statistics/1356625/apartment-sales-volume-index-usa/