A total of 64,348 single-family homes and condominiums were flipped during the first quarter, accounting for 8% of home sales for that period.
According to data from ATTOM, the first quarter flipping rated was up from 7.2% in the previous quarter but down from 8.2% at the same time last year. The overall number of flips was also down from 69,711 in the fourth quarter of 2025 and from 70,579 in the first quarter of 2025.
The typical first quarter profit margin for a flipped home inched up to 25.4% from 24.7% in the previous quarter, which had been its lowest point since mid-2008. One year earlier, the typical flipped home generated 29.6% returns. Gross profits also rose, reaching $66,000 in the first quarter compared to $64,300 in the prior quarter – but that level was below the typical gross profit of $74,172 from the first quarter of 2025.
Nationwide, 61.1% of flipped homes were purchased with all cash, down slightly from 61.4% the previous quarter but up from 59.6% at the same time last year. It took the typical home flipped in the first quarter 165 days to flip, up from 160 days the previous quarter and 164 days at the same time last year.
“The first increase in flipping returns in nearly two years is a welcome sign for investors,” said Rob Barber, CEO of ATTOM. “The market remains far more competitive than it was during the peak profit years, but this quarter’s gains suggest that conditions may be stabilizing. Success still depends heavily on local market dynamics, with some metros producing strong returns while others remain difficult places to flip profitably.”
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