Average Q2 Price Per Unit: $88,500 

Investors continue to prefer U.S. apartment communities over most other commercial properties, as total multifamily housing sales volume climbed almost 80 percent in Q2 2011 over the same three-month period a year ago, according to CoStar Group data.

While only a fraction of its mid-2007 peak, the nearly $15 billion in sales in that period brought total investment for the first six months of the year to $24.5 billion.

The average per-unit price of apartment communities topped $88,500 in Q2–the highest since Q3 2008.

Source: NAA’s Industry Insider and CoStar Group

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