A new report from Redfin reveals that Charlotte real estate investors have been losing more money than in most other major cities.
According to the report, about 13.5% of U.S. homes sold by investors in July were sold for less than the investor initially purchased it for. This is comparable to June’s rate of 14.5%, which was the highest it had been since 2016. What’s more, this percentage is nearly triple the share from a year earlier and is a significant increase from May’s record low of 2.8%.
Redfin’s analysis included 40 of the most populous U.S. metropolitan areas and defined “investor” as any institution or business that purchases residential real estate, including both large companies and mom-and-pop investors. These findings shed light on the current state of the U.S. housing market and suggest potential shifts in the real estate investment landscape.
The report found that Charlotte investors saw the 4th highest share of homes sold at a loss in the nation at 17.4% overall.
Metro-Level Summary: Investor Housing Market Activity
This table includes 40 of the 50 most populous U.S. metropolitan areas—those for which there was sufficient data.
| Metro Area | Share of Homes Sold at a Loss | Median Capital Gain (%) | Median Capital Gain ($) | Median Sale Price | Median Sale Price (YoY Change) |
| Anaheim, CA | 8.4% | 39.1% | $323,250 | $1,150,000 | -1.3% |
| Atlanta, GA | 14.5% | 44.7% | $98,000 | $317,000 | -6.5% |
| Baltimore, MD | 5.5% | 87.1% | $138,750 | $298,000 | 24.2% |
| Charlotte, NC | 17.4% | 55.5% | $117,000 | $328,000 | -2.7% |
| Chicago, IL | 10.8% | 58.6% | $112,750 | $305,000 | -1.6% |
| Cincinnati, OH | 3.7% | 121.8% | $124,250 | $226,250 | 3.5% |
| Cleveland, OH | 15.3% | 77.3% | $69,750 | $160,000 | 4.2% |
| Columbus, OH | 3.0% | 92.3% | $120,000 | $250,000 | -3.3% |
| Denver, CO | 11.2% | 42.9% | $162,000 | $540,000 | -7.7% |
| Detroit, MI | 16.2% | 83.2% | $62,215 | $137,000 | -2.1% |
| Fort Lauderdale, FL | 2.5% | 74.5% | $182,450 | $427,450 | 6.9% |
| Jacksonville, FL | 20.9% | 34.9% | $77,450 | $299,450 | -2.8% |
| Las Vegas, NV | 28.0% | 24.2% | $75,900 | $390,000 | -8.2% |
| Los Angeles, CA | 8.3% | 32.8% | $236,500 | $957,500 | -1.8% |
| Miami, FL | 2.5% | 75.0% | $224,900 | $524,900 | 9.4% |
| Milwaukee, WI | 3.4% | 86.8% | $116,200 | $250,000 | 13.4% |
| Minneapolis, MN | 10.5% | 48.4% | $106,000 | $325,000 | 2.6% |
| Montgomery County, PA | 3.5% | 78.2% | $179,950 | $409,950 | 3.8% |
| Nashville, TN | 16.4% | 36.2% | $107,123 | $403,400 | 4.4% |
| Nassau County, NY | 4.3% | 74.3% | $277,000 | $650,000 | 5.7% |
| New Brunswick, NJ | 4.7% | 84.6% | $210,750 | $460,000 | 7.6% |
| New York, NY | 11.3% | 74.8% | $329,000 | $769,000 | -10.6% |
| Newark, NJ | 5.5% | 104.3% | $245,000 | $480,000 | 3.2% |
| Oakland, CA | 14.5% | 40.0% | $260,000 | $910,000 | -13.3% |
| Orlando, FL | 12.2% | 41.0% | $104,535 | $359,435 | 2.2% |
| Philadelphia, PA | 7.3% | 102.9% | $142,000 | $280,000 | 16.7% |
| Phoenix, AZ | 30.7% | 19.1% | $65,650 | $410,000 | -9.1% |
| Portland, OR | 15.4% | 56.2% | $185,500 | $515,500 | -5.0% |
| Providence, RI | 4.7% | 63.2% | $151,750 | $391,750 | 5.1% |
| Riverside, CA | 12.2% | 38.1% | $152,500 | $552,500 | -3.1% |
| Sacramento, CA | 20.2% | 27.3% | $109,250 | $509,500 | -13.6% |
| San Diego, CA | 11.4% | 47.1% | $306,000 | $956,000 | 6.2% |
| San Francisco, CA | 13.0% | 30.7% | $417,000 | $1,775,000 | -30.0% |
| San Jose, CA | 9.7% | 32.0% | $370,000 | $1,525,000 | -13.4% |
| Seattle, WA | 14.4% | 55.9% | $297,500 | $830,000 | -7.8% |
| Tampa, FL | 13.1% | 55.5% | $124,950 | $349,950 | -0.6% |
| Virginia Beach, VA | 1.7% | 107.1% | $150,000 | $290,000 | 12.0% |
| Warren, MI | 2.6% | 114.5% | $114,250 | $214,000 | -11.0% |
| Washington, D.C. | 5.6% | 46.1% | $161,001 | $510,000 | -3.8% |
| West Palm Beach, FL | 2.4% | 73.1% | $190,100 | $450,000 | 2.2% |
| National—U.S.A. | 13.5% | 45.9% | $145,714 | $463,505 | -4.8% |
