Real estate investors bought approximately 44,000 homes in the first quarter of 2024, marking the first increase in investor purchases since early 2022, according to Redfin. Investors accounted for 19% of all home sales, the highest share in nearly two years.

This increase is attributed to higher profits, with the typical investor-sold home in March 2024 selling for 55% more than its purchase price. Single-family homes were the most popular among investors, representing 68.9% of their purchases, driven by strong rent growth in this sector.

The rise in housing prices has affected investors, too, with investors paying more for homes than they did a few years earlier. The typical home purchased by investors in the first quarter cost $464,560 — up 9.2 percent from a year ago, according to the report.

In Mesa County

There are currently 467 active homes on the market in Mesa County. This is a 4% increase compared to a week ago.

The average sold price YTD is $437,343 and the median sold price YTD is $392,000.

Mortgage Rates Today

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