{"id":9906,"date":"2026-01-23T12:00:00","date_gmt":"2026-01-23T12:00:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9906"},"modified":"2026-02-05T11:16:35","modified_gmt":"2026-02-05T11:16:35","slug":"national-multifamily-market-report-december-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report-december-2025\/","title":{"rendered":"National Multifamily Market Report \u2013 December 2025"},"content":{"rendered":"\n

The fourth quarter of 2025 registered the weakest rental performance since the global financial crisis.<\/em><\/em><\/p>\n\n\n\n

Highlights:<\/h2>\n\n\n\n
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  • The average U.S. advertised asking rent declined $5 to $1,737 in December, resetting all yearly gains to 0.<\/li>\n\n\n\n
  • Rents went down 30 basis points month-over-month, with just six out of Matrix\u2019s top 30 markets posting gains.<\/li>\n\n\n\n
  • Despite a weak rental showing, multifamily transaction volume still grew in 2025 to $83.2 billion, up from $82.4 billion in 2024.<\/li>\n\n\n\n
  • SFR-BTR average advertised rents ticked down $4 to $2,180 in December, down 1% year-over-year, marking the steepest drop in more than a decade.<\/li>\n<\/ul>\n\n\n\n

    No rent growth in 2025 marks the weakest showing in five years<\/h2>\n\n\n\n

    During the fourth quarter of 2025, multifamily advertised asking rents slipped 0.9%, or $16, to $1,737 in December, marking the weakest performance since the global financial crisis. On a year-over-year basis, the growth was zero\u2014a rare happenstance with the last two such occurrences taking place in 2020 and 2010. Certain gateway and Midwest markets bucked national trends and registered yearly gains, such as New York City (5.8%), Chicago (3.6%), Twin Cities (3.2%), Kansas City (2.6%), San Francisco (1.9%). Western and Sun Belt metros exhibited negative growth, including Austin (-5.2%), Phoenix (-4.1%), Las Vegas (-2.5%) and Portland (-2.0%).<\/p>\n\n\n\n