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【NAR】Annual Foreign Investment in U.S. Existing-Home Sales Declined 9.6% to $53.3 Billion

【NAR】Annual Foreign Investment in U.S. Existing-Home Sales Declined 9.6% to $53.3 Billion

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  • International buyers purchased $53.3 billion worth of U.S. residential properties from April 2022 to March 2023, down 9.6% from the previous year. The 84,600 existing homes sold – the lowest since NAR began tracking in 2009 – retreated 14.2% from the prior year.
  • The average ($639,900) and median ($396,400) purchase prices for international buyers were the highest ever recorded by NAR.
  • China, Mexico, Canada, India and Colombia were the top five countries of origin by number of U.S. existing homes purchased. The top U.S. destinations for foreign buyers were Florida (23%); California and Texas (12% each); and North Carolina, Arizona and Illinois (4% each).

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