why so much turnover?

Hi curious_george, I think it depends upon the size of the apartments. For instance, if an apartment is a studio or one bedroom, many people are looking for more space when they have changes in their life like getting married, having kids and moving in with significant others. This all changes people circumstances. Also, the studio and one bedroom market has not changed much over the years since there is a ton of inventory. If you were looking at two bedrooms with two bathrooms or even three bedrooms, there is a limited number of apartments that fit this criteria thus creating more demand, and with fewer apartments with tons of demand, the sales price is only DRIVEN up.