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2018 Profile of International Activity in U.S. Residential Real Estate released

Highlights of the recently released report include:

  • Foreign buyers purchased $121.0 billion of residential property from April 2017—March 2018, a decrease from $153 billion during the previous 12-month period (April 2016—March 2017).
  • The average price of properties purchased by the mix of foreign buyers was $454,400, a decrease from $536,900 during the previous period.
  • Foreign buyers continued to purchase properties at the higher price point compared with all existing home buyers: among existing home buyers, the average price was $290,600 and the median price was $249,300.
  • The major foreign buyers were China ($30.4B), Canada ($10.5B), the United Kingdom ($7.3B), India ($7.2B), and Mexico ($4.2B).

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