With the 2024 Summer Olympics recently ending, Berkadia looked at multifamily fundamentals to see which markets would medal.
According to data from Berkadia’s 2024 Mid-Year Multifamily Reports, Texas markets podiumed the most, appearing six times in the top three rankings. Texas markets excelled particularly in annual net absorption, sweeping the competition. The Dallas-Fort Worth metroplex stood out, securing two gold medals for the highest annual net absorption and the most units added in the past year.
In terms of annual inventory change, smaller markets such as Huntsville, Alabama, and Boise, Idaho, experienced significant growth in their existing supply, surpassing Austin, Texas.
Denver, Colorado, performed well in two sales categories, taking home bronze for reported sales volume and silver for total transactions.