Foreign buyers acquired $56 billion worth of U.S. homes from April 2024 to March 2025, according to the National Association of Realtors' (NAR) 2025 International Transactions in U.S. Residential Real Estate report. This represents a 33.2% increase from the previous year, with international buyers purchasing 78,100 properties, marking a 44% rise and the first annual increase since 2017. The median purchase price for foreign buyers reached a record high of $494,400.
"International interest in buying U.S. real estate increased following the global economic recovery from several years of pandemic-related disruptions," said NAR Chief Economist Lawrence Yun. "However, elevated home prices and interest rates continue to dampen overall potential sales activity and remain well below pre-pandemic levels."
Florida remained the top destination for foreign home buyers due to an increase in housing inventory. A significant share of international buyers paid cash—47% compared to 28% among all buyers—and tended to purchase higher-end homes.
The report surveyed members about transactions with international clients who bought and sold U.S. residential property during this period, capturing data before new tariffs were announced in April 2025.
Foreign buyers residing in the U.S., including recent immigrants or visa holders, purchased 43,700 homes totaling $26.9 billion. Those living abroad bought 34,400 homes with a total dollar volume of $29.1 billion.
Key statistics include:
- Dollar volume: $56 billion (up from $42 billion)
- Total purchases: 78,100 (up from 54,300)
- Median price: $494,400 (up from $475,000)
- All-cash purchases: 47%
Top countries of origin for foreign purchases included China ($13.7 billion), Canada ($6.2 billion), Mexico ($4.4 billion), India ($2.2 billion), and the United Kingdom ($2 billion). Florida led as the top destination for foreign buyers at 21%, followed by California at 15%.
NAR Global maintains relationships with over 100 real estate associations worldwide and provides its members with resources to facilitate international investment in U.S. real estate.
The National Association of Realtors is involved in various aspects of residential and commercial real estate and offers consumer guides on navigating homebuying and selling processes through facts.realtor.
