The CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States started to decline slightly in the second half of 2022, after more than a decade of steady growth. The index measures the development of sales prices of multifamily properties with 2000 chosen as a base year. An index value of 200 means that sales prices have doubled since 2000. In March 2023, value-weighed index, which is more representative for the high-value deals in core markets, hit 378 index points, down from a market peak of 416 in June 2022. The equal-weighed index is more influenced by the lower-priced deals that comprise the higher share of transactions. It stood at 458 index points in March 2023, down from a market peak of 503 in June 2022.
CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023
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CoStar. (May 26, 2023). CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023 [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/
CoStar. "CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023." Chart. May 26, 2023. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/
CoStar. (2023). CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023. Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/
CoStar. "Costar Commercial Repeat-sales Index (Ccrsi) for Multifamily Real Estate in The United States from March 1996 to March 2023." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/
CoStar, CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023 Statista, https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/ (last visited May 19, 2024)
CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States from March 1996 to March 2023 [Graph], CoStar, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1394172/ccrsi-mutifamily-real-estate-usa/