Multifamily opportunities are beginning to stay on the marketfor longer periods of time, and properties offering pricingdiscounts are increasing as well, according to TimSteuernol, EVP at NAI Capital. Whilemultifamily remains one of the most popular asset classes forinvestment, this new trend is a clear departure from the trendsthat we have seen in recent years, which included fast multifamilysales with multiple offers and record pricing. Despite the increasein time to sale, Steuernol says that the market is still healthyand extremely strong.

“We are seeing buildings sitting on the market for longer thanwe have in the past, and we are seeing buildings with pricereductions, which is also something that we haven't seen in thepast,” Steuernol tells GlobeSt.com. “We are starting to see more ofthose. The market, though, seems to be working itself out. We arestill seeing a lot of transactions and we are seeing a lot ofinvestor demand, and we are still in a low interest rate market.The market is still extremely strong.”