Because time on market is compressing, this metric is giving us lower perception of the volume going through the market.

@Alex Grullon there are many commercial multifamily in and around Austin, but the cap rate tends to be compressed closer to the city center.  

If this new tax bill gets passed then it will compress this market even more due to migration.

Nationwide however, cap rates have compressed tremendously. 

As in my example, a roughly 30-40k investment would yield a 90k in value on a 8 cap, which right now in Cincinnati are compressing closer to 6% so even more value right now.I guess that makes sense.

Lol. per my OP due to compressed timelines getting multiple quotes was not possible.

Cap rates are tied to investor risk tolerance and debt is cheap so risk is less — therefore cap rates compress.

🙌The highest level of cap rate compression and price per unit growth has occurred in fast-growing non-major markets, particularly in the Sunbelt‼Source: US Capital Markets👉What do you think will be the outlook for Multifamily investments in 2022?

When the sale price goes up but the NOI remains the same, the cap rate compresses.  

There's no need to repeat our mistakes, just find a mentor and compress time.