Dallas Texas Flip Statistics

[Jim Cummings]

DFW: 7.7% Of Home Sales Were Flips In First Quarter 2018

DALLAS (Dallas Morning News) – Dallas-Fort Worth ranked ninth among the cities with the most home purchases and quick resales in first quarter 2018, according to Attom Data Solutions.

More than 1,200 home flips were counted in the Metroplex, comprising 7.7% of total home purchases. Local flips were up 2 percent year over year.

On average, North Texas flippers sold their flips for $244,811, making a gross profit of $44,811, or more than 22 percent.

Phoenix had the most number of flips with 2,486 in first quarter 2018. That makes up 10.3% of homes sold. New York, Miami, Los Angeles, and Atlanta metros rounded out the top five.

Over 48,000 homes were flipped nationally, accounting for just under 7% of total U.S. home purchases.