Real estate investors purchased one-third of all single-family residential properties sold in Q2 of 2025, up from 27% in Q1. Investors own about 20% of the 86 million single-family homes in the US. While institutional investors are selling more homes than they buy, small investors owning 10 properties or less dominate the market.

Institutional investors like Invitation Homes and American Homes 4 Rent are selling more homes than they buy, focusing on build-to-rent communities. This shift means less competition for small investors and traditional homebuyers, while adding more rental supply. Texas, California, and Florida have the highest number of investor-owned homes, while Hawaii, Alaska, Montana, and Maine have the highest percentage.

Investors focus on lower-priced homes, with an average purchase price of $455,481 in Q2 2025. Large investors bought even cheaper homes, with an average purchase price of $279,889. Institutional investors are concentrated in the Midwest and South, where prices are below the national average.

Read more at CNBC: Investors make up highest share of buyers in 5 years