According to ATTOM’s year-end 2024 U.S. Home Flipping Report, 297,885 single-family houses and condominiums were flipped in 2024. That figure is down 7.7% from 322,782 in 2023 and 32.4% from a recent peak of nearly 441k reached in 2022. In addition, the report further says that as the number of flipped homes declined, so did flips as a portion of all home sales, from 8.1% in 2023 to 7.6% last year. However, they point out that profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects….even though margins again remained at one of their low points over the past 10 years
“The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. But even as activity waned, there was at least a glimmer of hope that returns were starting to turn around…While home flippers still seemed to be having difficulty timing the market for big profits, their margins at least stopped going in the wrong direction.” Said said Rob Barber, CEO for ATTOM.
Click here to read the full report at ATTOM.
