The Eastern Washington apartment market, once a darling of real estate investors during the pandemic boom, has experienced a more challenging environment, recently. After a robust start to 2025, transaction activity ground to a near-halt in the second quarter, with just seven apartment building sales recorded across the entire region—the weakest showing since 2013. According to a report from Kidder Mathews, the slowdown marks a reversal from the heady days of 2019-2021, when annual sales volumes regularly exceeded $600 million and more than 120 buildings changed hands each year. This year’s total sales volume of $141 million across just 26 transactions represents an 85 percent decline from peak activity levels.

The latest quarterly report paints a picture of an investment market strugglin

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