Real estate investors accounted for more than one-third of all single-family home purchases in the third quarter of 2025, marking the highest share in five years, according to the Q3 2025 Investor Pulse Report from BatchData.
Investors purchased 34% of homes sold during the quarter, up from 33% in Q2 2025 and sharply higher than the 25.5% recorded in Q3 2024. Despite the growing share, the actual number of homes acquired by investors declined year-over-year by approximately 23,000 transactions.
BatchData President Ivo Draginov said the trend reflects a slowdown among traditional homebuyers rather than aggressive investor expansion.
“The percentage of single-family homes purchased by investors rose once again to a five-year high, but the actual number of homes purchased during the third quarter of 2025 was 23,000 fewer than a year ago,” Draginov said.
Small-scale investors continue to dominate the market. Those owning between one and five properties control nearly 92% of all investor-owned single-family homes, while owners of six to 10 properties hold just under 4%. By contrast, large institutional investors — defined as those with portfolios of 1,000 or more homes — account for only 2% of investor-owned properties and have been net sellers for seven consecutive quarters
Geographically, five states — Texas, California, Florida, North Carolina, and Georgia — collectively represent roughly one-third of all investor-owned homes nationwide. Texas alone has more than 1.4 million investor-owned properties, followed by California with nearly 1.2 million, and Florida with just over one million.
Investor ownership remains particularly concentrated in tourist-driven and Sun Belt markets. Wyoming leads the nation, with nearly 31% of its single-family homes owned by investors, followed by Maine, Montana, Alaska, and Hawaii. At the metro level, Asheville, North Carolina, tops the list with nearly 30% investor ownership, underscoring the regional skew of investor activity.
The quarterly Investor Pulse Report is produced by CJ Patrick Company using BatchData and public record sources, providing market intelligence on ownership patterns, transaction trends, and geographic distribution.
