Investors Selling More Properties Nationwide

According to a report released last week by the National Association of Realtors, 2024 saw a record number of investors sell homes they owned. In fact, 10.8% of all homes sold nationally last year were put on the market by investors.

This is up from 10.1% in 2023 and 8% in 2021 and 2018.

Missouri and Oklahoma investor sellers were top in the nation, with 16.7% of total seller listings coming from investors. Georgia (15.9%), Kansas (14.3%), and Utah (14.3%) rounded out the top five of seller market share.

It seems investor buyers were active too. Of all the homes purchased in 2024, 13% went to investor buyers, up .3% from 2023. This trailed the 2022 peak of 13.3%.

Missouri saw the highest share, with 21.2%, followed by Oklahoma (18.7%), Kansas (18.4%), Utah (18%) and Georgia (17.3%).

Overall, investor buyers outpaced sellers by the smallest margin since 2019.

California, Minnesota and Oregon were the states where there were more investor sellers than buyers. Sacramento, Minneapolis and Portland saw a boost in net supply due to investors selling more property than they bought.

Minneapolis investors were responsible for 9.4% of buyer transactions, last year. That was an increase of 1.3%. Their median purchase price was $300,000; an increase of 7.5% year over year.

Investor sellers in Minneapolis sold at a median price of $369,500, up 4.8% over last year. Investor sellers were responsible for 12% of sold listings in the city last year.

Nationally, since 2022, small investors (10 properties or less) were responsible for a growing majority of purchases, while large investor (50 homes or more) has declined. This may be driven in part by single-family home buyers seeking more affordable alternatives in the small multi-family market.

Realtor.com senior economist Hannah Jones speculates investors may be selling due to easing rents and the market softening in some parts of the country.