Q1 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 US Investment Sales group has selected twelve key growth markets, in addition to the United States as a whole, to monitor various sales trends across five different property types.  

chart displaying annual dollar volume of investment sales by asset class in the US from 2018 to present with an annualized number for 2025

Investment sales summary

The U.S. investment sales market had relatively active first quarter, showing signs of resilience despite ongoing market uncertainties. For the first quarter of 2025, the U.S. investment sales market recorded 5,029 transactions valued at $73.2 billion in total dollar volume. When compared to Q1 2024, this is an 8.6% and 3.0% decrease, respectively.

While investment sales notoriously start off the beginning of the year slow, there are signs that the U.S. market is poised to build as the year progresses. However, it has remained to be seen how the ambiguity of tariffs will affect the investment sales market later in 2025.

chart displaying annual number of investment sales by asset class in the US from 2018 to present with an annualized number for 2025

The full report contains data for New York, Los Angeles, Atlanta, Charlotte, Chicago, Dallas, Austin, Denver, Miami, Phoenix, San Francisco / Bay Area and Washington D.C.

For more information, contact:

James Nelson - Principal, Head of U.S. Investment Sales Avison Young

  • Principal, Head of U.S. Investment Sales
  • Capital Markets Group, Investment Sales
Erik R. Edeen - Principal, Senior Director of U.S. Investment Sales Avison Young

  • Principal, Senior Director of U.S. Investment Sales
  • Capital Markets Group, Investment Sales

Snackable insights to get you through the quarter