Executive Regional Price Regional

Forecasts Demand Supply Affordability Appendix

summary rankings indices summaries

Investor sales account for 28% of total sales nationally in 4Q23.

% of Investor Sales to Total Sales (New and Resale)
4Q23
Miami* 39%
Houston 34%
New York* 31%
Orlando 31%
Tampa 30%
Las Vegas 30%
Riverside-San Bern. 30%
Phoenix 29%
San Antonio 29%
San Diego 29%
Dallas* 29%
Los Angeles* 29%
Investors continue to make up a large
National 28% share of total home sales in 4Q23.
Jacksonville 28% Markets in the Sunbelt post the largest
Orange County 26%
Austin 26% share of investor sales. Miami leads at
Raleigh-Durham** 25% 39% of total sales; Minneapolis and
Sacramento 25%
Salt Lake City 25% Washington, DC, lag at 14%.
Philadelphia 25%
Charlotte 24%
Seattle* 24%
Nashville 21%
San Francisco** 20%
Portland 19%
Denver 18%
San Jose 18%
East Bay Area* 17%
Washington, DC 14%
Minneapolis 14%

Note: A calculation of home sale closings with different zip codes for the property and the owner’s mailing address for tax statements. Includes only sales where both the site and mail zip codes are known. Includes new and existing homes.
Note: Boston, Indianapolis, Atlanta, and Chicago investor data is unavailable.
*Metro division **combination of metro divisions (except Raleigh-Durham, which is a combination of metros)
Source: John Burns Research and Consulting, LLC analysis of public records data for transactions and ownership (Data: 4Q23, updated quarterly; Pub: Apr-24)

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