U.S. multifamily rents continued their recent flat growth pattern, dropping by $1 to $1,165 nationwide, according to the most recent edition of Matrix Monthly, a survey of the 111 markets covered by Yardi® Matrix.

Rents had risen for nine consecutive months before remaining virtually unchanged in November. Mild growth during the winter months is a normal seasonal phenomenon. Rents increased by 6.4 percent year-over-year in November, a 30-basis-point decline from October, but 190 basis points more than the 4.5 percent rent growth recorded in November 2014.

Rental markets in Portland, Ore., San Francisco, Sacramento, Calif., Seattle, Atlanta and Denver were among the year-over-year leaders.