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【World Property Journal】Average Flipping ROI Declines to Eight-Year Low, Gross Flipping Profits Drop 12 Percent

【World Property Journal】Average Flipping ROI Declines to Eight-Year Low, Gross Flipping Profits Drop 12 Percent

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According to ATTOM Data Solutions Q1 2019 U.S. Home Flipping Report, 49,059 U.S. single family homes and condos were flipped in the first quarter of 2019, down 2 percent from the previous quarter and down 8 percent from a year ago to a three-year low.

The 49,059 homes flipped in the first quarter represented 7.2 percent of all home sales during the quarter, up from 5.9 percent in the previous quarter and up from 6.7 percent a year ago -- the highest home flipping rate since Q1 2010.

Homes flipped in Q1 2019 sold at an average gross profit of $60,000, down from an average gross flipping profit of $62,000 in the previous quarter and down from $68,000 in Q1 2018 to the lowest average gross flipping profit since Q1 2016.

 

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By Monsef Rachid 

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