Q4 2025 U.S. investment sales market overview
Major markets are leading the investment sales recovery. Here’s a snapshot of what’s happening in select, major growth markets across the U.S.
To fully understand the current state of the investment sales market in the United States, Avison Young’s U.S. Investment Sales group has selected 12 key growth markets, in addition to the United States as a whole, to monitor various sales trends across five different property types.
Investment sales summary
The U.S. investment sales market recorded 30,425 transactions totaling $472.6 billion through the end of 2025 — a 17.7% increase in transactions and a 19.9% increase in dollar volume compared to 2024. While the multifamily sector produced the highest sales volume in 2025, significant increases within the retail and development/land sectors helped fuel the market to exceed expectations. With volume increases over the last three years, the same trend is expected to continue in 2026.
The full report contains data for New York City, Los Angeles, Atlanta, Charlotte, Chicago, Dallas, Austin, Denver, Miami, Phoenix, San Francisco/Bay Area, and Washington, D.C.
For more information, contact:
- Principal, Head of U.S. Investment Sales
- Capital Markets Group, Investment Sales
- Principal, Senior Director of U.S. Investment Sales
- Capital Markets Group, Investment Sales
