Where investors are buying more homes — and where they’re backing away

Investor home purchases nationwide slipped 1.7 percent in the six months ending in March 2026 compared to the same period a year earlier. But investors kept retreating from Sun Belt markets like Orlando and Jacksonville — and pulled back hardest in Detroit — even as they stepped up their buying in pricey coastal markets like San Francisco and Seattle and affordable Midwest metros like Milwaukee.

Metro area Investor purchases,
Oct. 2024–March 2025
Investor purchases,
Oct. 2025–March 2026
Year-over-year change
San Francisco, CA1,0381,269+22.3%
Seattle, WA1,3441,591+18.4%
Virginia Beach, VA1,3121,513+15.3%
Milwaukee, WI1,1651,334+14.5%
Portland, OR1,2191,394+14.4%
Oakland, CA1,6001,823+13.9%
San Jose, CA1,0081,124+11.5%
San Diego, CA2,5802,813+9.0%
Cincinnati, OH1,6171,738+7.5%
West Palm Beach, FL2,2902,437+6.4%
New York, NY4,8545,155+6.2%
Los Angeles, CA5,4635,769+5.6%
Newark, NJ1,3771,447+5.1%
Miami, FL3,6933,862+4.6%
Anaheim, CA2,4332,544+4.6%
Providence, RI414424+2.4%
Minneapolis, MN1,9992,029+1.5%
New Brunswick, NJ1,9031,930+1.4%
Atlanta, GA6,1656,202+0.6%
Denver, CO2,1932,201+0.4%
Phoenix, AZ6,0795,985-1.5%
Chicago, IL3,9323,864-1.7%
Riverside, CA3,4773,402-2.2%
Philadelphia, PA1,8841,836-2.5%
Warren, MI1,4351,392-3.0%
Columbus, OH1,6451,571-4.5%
Sacramento, CA2,1041,989-5.5%
Cleveland, OH2,5302,338-7.6%
Fort Lauderdale, FL2,4872,275-8.5%
Baltimore, MD2,9902,719-9.1%
Montgomery County, PA991897-9.5%
Washington, DC2,7122,432-10.3%
Tampa, FL4,3833,884-11.4%
Las Vegas, NV3,2322,863-11.4%
Nashville, TN1,9781,724-12.8%
Charlotte, NC2,8822,509-12.9%
Jacksonville, FL1,9781,716-13.2%
Orlando, FL3,6682,908-20.7%
Detroit, MI2,0111,526-24.1%

Source: Redfin | Visualized by Inman