Real estate investors bought one-third of all single-family residential homes sold in the second quarter of 2025

Real estate investors accounted for just over one-third of all single-family home purchases in Q2 2025, according to the Investor Pulse Report from BatchData and CJ Patrick Company.

At 33%, the share of investor purchases reached its highest level in five years, up from 27% in Q1. The report estimates that investors now own about 20% of the 86 million single-family homes in the U.S.

“Interestingly, while the percentage of single-family homes purchased by investors rose to a five-year high, the actual number of homes purchased in Q2 2025 was 16,000 fewer than a year earlier,” said BatchData Chief Innovation Officer Ivo Draginov.

He added that “the relatively high percentage of investor purchases is at least partly due to overall home sales being weaker in Q2 2025 than in Q2 2024.”

The report found that small, mom-and-pop investors dominate the market. Those owning between one and five properties account for 87% of investor-owned single-family homes.

By contrast, large investors — those holding 1,000 or more properties — own just 2% of investor-held homes. Moreover, these larger investors appear to be reducing their exposure, marking the sixth straight quarter in which they sold more homes than they bought.

Texas leads all states with 1.46 million investor-owned properties, followed by California with 1.33 million and Florida with 1.1 million.

Tourism hubs and high-growth states have also seen elevated investor ownership. In Hawaii, investors own 26% of single-family homes, while in Alaska, the figure is 27%.