Orlando multifamily sales volume recedes but investors increasingly willing to wade back into buyer pool

Multifamily investment is taking an extended breather in 2024. With one month left in the year, total annual sales volume is down to its lowest point in the previous decade, and it will likely fall well short of the 10-year historical annual average of more than $3 billion. That number was heavily influenced by the $13.8 billion in collective sales volume that occurred between 2021 and 2022, which was initially fueled by a fast pace of population growth in Central Florida and brisk growth in asking rents.