Apartment sales slowed in the first half of 2020 in Seattle, yet pricing remained nearly on par with 2019 sales due to investor demand and low interest rates. New research by Kidder Mathews’ Multifamily Simon Anderson team shows momentum in the Puget Sound economy—and apartment market—carried the day for apartment sales in the first half of the year. Although pricing did not increase year-over-year, sales continued to close at pricing very near that of 2019, reflecting surprisingly strong fundamentals and investors’ faith in the market.
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