Fourplex Inventory Increase

[Chris Kane]

I have been following the fourplex market pretty close over the past few years in Ada County, Idaho. Up until recently, there would only be three or less fourplexes listed on the market at any given time and they would sit around very long (a couple weeks max). I counted today and there are 26 fourplexes for sale. Prices are still at a premium asking price compared to rents but I am hoping this will change. Vacancies are still very low in Ada County but there is a huge amount of large multifamily complexes planned or under construction in the area right now which could change things. I am curious what everyone else is seeing in their markets?