The Real Capital Analytics U.S. National All-Property Index rose 1.2% on a month-over-month basis in November and 9.1% year over year.
Throughout 2017, the apartment and industrial sectors provided the index's main source of price growth, with apartment prices rising 10.2% year over year in November, mainly in non-major metro markets, according to RCA. Industrial property prices increased 9.8% year over year, and industrial was the only sector showing year-over-year growth in deal activity.
Overall, U.S. commercial real estate deal activity has dropped 9% year over year so far in 2017, RCA added.
RCA reported that while the second half of 2017 showed increased price growth, deal activity took a hit because of a divergence between volume and pricing, indicating a mismatch between buyers' and sellers' expectations on property prices.