Redfin Reports New Apartments Are Increasingly Likely to Get Snapped Up Quickly as Construction Slows

Core Insights - Approximately 48% of newly built apartments completed in Q1 2025 were rented within three months, indicating a slight increase from 47% in Q4 2024 and 46% in Q3 2024 [1] Group 1 - The data is based on an analysis by Redfin, utilizing the U.S. Census Bureau's seasonally adjusted absorption rate for unfurnished, unsubsidized, privately financed rental apartments [1]