Real Estate Investors Account for 32 Percent of Q4 2025 Home Purchases, According to Investor Pulse Report

Real estate investors purchased more than 32 percent of all single-family residential properties sold in Q4 2025, down slightly from 34 percent in Q3, but the third consecutive quarter above 30 percent.

Overall, investors purchased 1.32 million homes in 2025, down 4.5 percent from 1.39 million in 2024, according to the Q4 2025 Investor Pulse Report from BatchData.

The largest investors — those owning 1,000 or more homes — continued to shed properties, selling 5,970 in Q4 while buying only 4,336, marking the eighth consecutive quarter as net sellers.

 For the year, these large investors sold 20 percent more homes than they purchased. In total, investors own roughly 18 percent of the 86 million single-family residential homes in the country.

"While investors continue to represent a high percentage of home purchases, the number of properties they're buying has actually decreased significantly," said BatchData president Ivo Draginov.

Draginov added, "Investors bought about 292,000 homes in Q4 2025 — down 19 percent from Q3, and down 15 percent year-over-year. So once again, the high percentage is largely due to fewer home purchases by traditional homeowners rather than overly aggressive investor activity."

Small investors owning one to five properties held almost 92 percent of investor-owned single-family homes, with those owning six to 10 properties holding just under 4 percent.

The largest investors account for just 2 percent of all investor-owned homes. Collectively, investors purchased over 1.32 million homes in 2025 while selling about 368,000, but the largest investors were net sellers — purchasing 20,856 homes while selling 25,861.

Wyoming leads the nation at 30.66 percent investor-owned homes, followed by Maine (29.88 percent), Montana (26.63 percent), Alaska (26.61 percent), and Hawaii (25.84 percent).

 Five high-population states — Texas, California, Florida, North Carolina, and Georgia — account for roughly one-third of the nation's total investor-owned inventory.

Investors own at least 18 percent of single-family homes in 44 of the 100 largest U.S. metros, with strong concentration in the Southeast.

Asheville, NC leads at almost 28 percent, followed by Lubbock, TX (27.49 percent), Charleston, WV (24.54 percent), Fayetteville, NC (almost 25 percent), Portland, ME (23.69 percent), and Myrtle Beach, SC (22.60 percent).

Among large investors (100+ properties), Atlanta tops the list at 3.77 percent, followed by Jacksonville (3.50 percent), Charlotte (2.79 percent), Phoenix (2.50 percent), Memphis (2.41 percent), and Las Vegas (2.31 percent).