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nvestors are returning to a more measured approach in the US residential market, with 1 in 5 single-family homes purchased by investors. According to Redfin data, investor buying has stabilized at around 4% of total sales, down from pandemic-era highs but still above pre-pandemic levels.

    The condo market, however, is experiencing a pullback, with demand hitting a 10-year low. In Q1 2025, investors bought just 8,509 condos, a 3% year-over-year drop and the lowest quarterly figure in a decade. Redfin attributes this decline to a rapidly cooling condo market, with nearly 70% of US condos selling below list price.

    Florida is leading the nation in investor exits, with Miami seeing a 19% year-over-year drop in investor purchases. Despite this pullback, investors still accounted for 30% of all homes sold in Q1 in Miami. Redfin notes that Florida's rising costs and declining home prices have dulled investor appetite across the state.

    Nationwide, investors held steady at 19% of total sales, mirroring consumer demand trends constrained by high interest rates. However, investor appetite for single-family homes is increasing, with purchases up 3% year over year. Investors are also shifting their attention toward more expensive properties, with high-end home purchases jumping 12% in Q1.

    Despite the shift, low-priced homes still made up 46% of all investor purchases, while high- and mid-priced homes comprised 30% and 24%, respectively. Investors maintained a strong market share in the low-end segment, buying 26% of all low-priced homes sold in Q1.

    Investors continued to see gains from property sales, with a median capital gain of $182,980 per home sold in March, up 2.8% year over year. Only 6% of investor-sold homes incurred losses, nearly flat from the previous year.