The first quarter of 2018 marked continued gains in REALTORS®’ market trends. Sales
volume rose by 4.2 percent on a yearly basis, as cap rates experienced slight compression.
The shortage of available inventory remained the principal concern for REALTORS®, as a
wide pricing gap between buyers and sellers affected about 20 percent of respondents.
Prices advanced 6.7 percent year-over-year. Leasing activity moderated, posting higher
volatility, as vacancies picked up.