Investors Are Paying Up to 35% Above the Median Sales Price, Adding Pressure for Everyday Homebuyers
NWS coverage: Realtor.com analysis shows investors increased market presence in Q2 2025 as typical buyers retreated amid affordability strain. Overall home sales fell 4.2% YoY while investor purchases fell 2.7%, raising investor share to 10.8%. Investors paid premiums up to 35.1% above median sales in Montana and other Western/coastal states, but sought deep discounts—up to -53.1% in Michigan—in more affordable markets. In H1 2025 investors bought roughly 41,000 more homes than they sold, tightening available inventory and amplifying price pressure in competitive metros.
NWS copertura: l'analisi di Realtor.com mostra che gli investitori hanno aumentato la loro presenza sul mercato nel secondo trimestre del 2025 mentre i normali acquirenti si ritirano per la pressione sull'accessibilità. Nel complesso le vendite di case sono diminuite del 4,2% YoY mentre gli acquisti degli investitori sono diminuiti del 2,7%, aumentando la quota degli investitori al 10,8%. Gli investitori hanno pagato premi fino al 35,1% oltre il prezzo mediano di vendita in Montana e in altri stati della costa ovest, ma hanno cercato sconti consistenti—fino al -53,1% in Michigan—nei mercati più accessibili. Nel primo semestre del 2025 gli investitori hanno acquistato circa 41.000 case in più di quante ne abbiano vendute, restringendo l'inventario disponibile e amplificando la pressione sui prezzi nei centri urbani competitivi.
Cobertura de NWS: el análisis de Realtor.com muestra que los inversores incrementaron su presencia en el mercado en el 2T 2025, mientras los compradores típicos se retiraban debido a la tensión de asequibilidad. En general, las ventas de viviendas cayeron un 4,2% interanual mientras las compras de inversores cayeron un 2,7%, elevando la participación de los inversores al 10,8%. Los inversores pagaron primas de hasta 35,1% por encima del precio medio de venta en Montana y otros estados de la costa oeste/comunidad; pero buscaron descuentos profundos—hasta -53,1% en Michigan—en mercados más asequibles. En la primera mitad de 2025, los inversores compraron aproximadamente 41.000 casas más de las que vendieron, reduciendo el inventario disponible y aumentando la presión de precios en los mercados competitivos.
NWS 커버리지: Realtor.com 분석에 따르면 투자자들이 2025년 2분기에 시장 존재감을 확대했고 전형적 구매자들이 감당력 압박 속에 후퇴했다. 전반적인 주택 판매는 전년 동기 대비 4.2% 감소했고 투자자 매입은 2.7% 감소하여 투자자 비중은 10.8%로 상승했다. 투자자들은 몬태나주와 서부/해안 주들에서 중간 매매가를 35.1% 이상 프리미엄으로 지불했지만, 더 저렴한 시장에서는 -53.1%까지 큰 할인도 추구했다. 2025년 상반기 투자자들은 매입이 매도보다 대략 41,000대의 차이를 만들어 재고를 조이고 가격 압력을 높였다.
NWS couverture : l'analyse de Realtor.com indique que les investisseurs ont augmenté leur présence sur le marché au T2 2025 alors que les acheteurs typiques se retiraient face à la pression d'accessibilité. Dans l'ensemble, les ventes de logements ont chuté de 4,2% en glissement annuel tandis que les achats des investisseurs ont chuté de 2,7%, portant la part des investisseurs à 10,8%. Les investisseurs ont payé des primes allant jusqu'à 35,1% au-dessus du prix médian de vente dans le Montana et d'autres états de l'Ouest/côtier, mais ont recherché de fortes remises—jusqu'à -53,1%—dans des marchés plus abordables. Au premier semestre 2025, les investisseurs ont acheté environ 41 000 logements de plus qu'ils n'en ont vendu, resserrant l'inventaire disponible et accentuant la pression sur les prix dans les métropoles concurrentielles.
NWS Berichterstattung: Die Analyse von Realtor.com zeigt, dass Investoren im zweiten Quartal 2025 ihre Marktpräsenz erhöhten, während traditionelle Käufer aufgrund der Bezahlbarkeit zurücktraten. Insgesamt sanken die Hausverkäufe um 4,2% im Jahresvergleich, während die Käufe von Investoren um 2,7% sanken, wodurch der Investoranteil auf 10,8% stieg. Investoren zahlten Prämien von bis zu 35,1% über dem Medianverkaufspreis in Montana und anderen westlichen/küsten Staaten, suchten jedoch in erschwinglicheren Märkten auch nach starken Rabatten – bis zu -53,1% in Michigan. Im ersten Halbjahr 2025 kauften Investoren ungefähr 41.000 Häuser mehr, als sie verkauft haben, was das verfügbare Inventar verknappt und den Preisdruck in wettbewerbsintensiven Metropolen verstärkt.
NWS التغطية: يظهر تحليل Realtor.com أن المستثمرين زادوا حضورهم في السوق في الربع الثاني من 2025 بينما تراجع المشترون التقليديون بسبب ضغوط القدرة على التحمل. عمومًا، انخفضت مبيعات المنازل بنسبة 4.2% على أساس سنوي في حين انخفضت مشتريات المستثمرين بنسبة 2.7%، مما رفع حصة المستثمرين إلى 10.8%. دفع المستثمرون علاوات حتى 35.1% فوق سعر البيع الوسيط في مونتانا وولايات الغرب/الساحل الأخرى، لكنهم بحثوا عن خصومات كبيرة—حتى -53.1% في ميشيغان—في الأسواق الأكثر توفيرًا. في النصف الأول من 2025 اشترى المستثمرون تقريبًا 41,000 منزل أكثر مما باعوا، مما قيد المعروض وأدى إلى ضغط إضافي على الأسعار في المدن التنافسية.
- Investor buyer share reached 10.8% in Q2 2025
- Investors purchased 41,000 more homes than they sold in H1 2025
- Investors paid up to 35.1% premium in Montana
- Investors capture deep discounts up to -53.1% in Michigan
- Overall home sales declined 4.2% YoY in Q2 2025
- Fewer investor listings reduced available inventory in 2025
- Premiums (e.g., Los Angeles +19.8%) increase competition for typical buyers
- Investor concentration raises price pressure in high-demand metros
Insights
Investor purchases rose modestly in
Investors increased their share to
The main dependencies and risks are explicit in the data: premium purchases amplify price pressure in already tight markets, and investor concentration in affordable metros may reduce entry‑level supply. Watch the investor share trend (currently
Investors' share of home purchases edged higher in Q2 2025 as typical buyers pulled back amid affordability challenges
In Western and coastal states such as
"Even as investors pull back from pandemic-era activity, they're facing fewer headwinds than many typical buyers," said Danielle Hale, chief economist at Realtor.com®. "With affordability still stretched and inventory tight, many would-be buyers remain sidelined, giving investors a larger share of the market and, in some areas, more influence over prices. As a result, investor activity can amplify price pressures, especially in markets where their purchases concentrate in already competitive price ranges."
Overall home sales declined
Investors Pay Up to
In several Western and coastal states, investors paid far more than typical buyers. In
Among major metros, investors paid the largest premiums in
Top 5 States Where Investors Pay Above Median Purchase Amount
|
State |
Investor Buyer |
Median Overall |
Investor Purchase |
|
|
|
|
35.1 % |
|
|
|
|
33.7 % |
|
|
|
|
23.3 % |
|
|
|
|
12.3 % |
|
|
|
|
3.2 % |
Discounts in Some Midwest and Mid-Atlantic Markets Exceed
Investors in more affordable states are aiming for lower-priced properties. The largest gaps between investor and overall purchase prices were seen in
At the metro level, investors found the steepest discounts in
Top 5 States Where Investors Pay Below Median Purchase Amount
|
State |
Investor Buyer |
Median Overall |
Investor Purchase |
|
|
|
|
-53.1 % |
|
|
|
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-45.4 % |
|
|
|
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-45.0 % |
|
|
|
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-41.4 % |
|
|
|
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-40.7 % |
Affordable Markets Continue to Attract the Most Investor Buyers
Overall, investor participation remained concentrated in affordable, high-demand regions.
Highest Investor Share Among Top 50 Metros
|
Metro |
2025 Q2 |
Y/Y |
|
|
25.2 % |
4.7 % |
|
|
20.6 % |
1.1 % |
|
|
19.3 % |
1.7 % |
|
|
18.0 % |
3.7 % |
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|
17.6 % |
1.1 % |
|
|
16.8 % |
3.9 % |
|
|
16.4 % |
6.0 % |
|
|
16.1 % |
2.4 % |
|
|
15.5 % |
-3.2 % |
|
|
15.1 % |
1.1 % |
Investors Bought 41,000 More Homes Than They Sold, Adding Pressure to Prices
In the second quarter of 2025, investors accounted for
The trend marks a shift from 2024, when a pickup in investor selling had briefly eased competition for buyers. In 2025, fewer investor listings mean less inventory on the market, even as overall buyer demand remains subdued.
"We're seeing a clear split in investor strategy," said Hannah Jones, senior economic research analyst, Realtor.com®. "Some investors are doubling down on affordability and rental yield, while others are willing to pay a premium for markets with persistent housing shortages and strong rental demand. Both approaches reflect confidence that housing demand, and rent potential, will remain strong over time."
Methodology
In this analysis, Realtor.com® examined deed records from January 2000 through July 2025 at the national, state, and metro levels, focusing on single-family homes, condos, townhomes, and row houses. Multifamily properties, homebuilders, and government or financial institutions were excluded. Investors were defined as absentee-owner buyers or sellers with names containing LLP, LP, LLC, GP, or TRUST.
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media Contact:
Mallory Micetich
press@realtor.com
View original content:https://www.prnewswire.com/news-releases/investors-are-paying-up-to-35-above-the-median-sales-price-adding-pressure-for-everyday-homebuyers-302606266.html
SOURCE Realtor.com
FAQ
How much of U.S. homebuying was by investors in Q2 2025 for NWS coverage?
What premium did investors pay above median sale prices in Montana according to the Nov 6, 2025 report?
Which states showed the largest investor discounts in the Nov 6, 2025 investor report?
How did investor activity affect inventory through H1 2025 in the Realtor.com analysis?
Did investor purchases decline less than overall sales in Q2 2025?
Which metros had the largest investor premiums and discounts cited on Nov 6, 2025?
