Markets Still Waiting for Apartment Supply to Peak

While much of the U.S. logged peak apartment supply volumes in the past two years, a handful of markets have not yet reached their own pinnacle. Out of the nation’s 50 largest apartment markets, five are still waiting for supply to peak and are set to hit their highest volumes in the coming two years, according to data from RealPage Market Analytics. Most of these markets are in California. San Diego is set to see supply volumes peak soon, with over 7,800 units scheduled to deliver in the year-ending 2nd quarter 2026. Markets scheduled to hit annual supply records in late 2026 include Anaheim, Detroit and Los Angeles. Pinnacles are scheduled at 3,400 to 4,400 units in Anaheim and Detroit, while Los Angles is set to see a peak of over 12,300 units. Greensboro is scheduled to see supply hit its high point in the year-ending 2nd quarter 2027, when over 2,300 units are slated to complete.