• In Q4 2018, the average sale price per unit was $103,349. This represents a decrease of $2,989 per unit or 2.8% year-over-year. However, in the past 5 years, the average sale price per unit rose by $49,953 or 93.6%.

• In the past 27 quarters since Q2 2012, Detroit’s occupancy rate has exceeded 94.0%. Average asking rental rates have increased by 24.7% over the same period.

• Development has surged—as of Q4 2018 there were 6,880 units under construction spread across 45 buildings. Year-over-year, this represents a 54.5% increase in units under construction.