We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the U.S. The annual Profile of International Activity in U.S. Residential Real Estate highlights foreign client purchases and sales of U.S. residential property, and looks at U.S. clients seeking to buy property abroad.
- 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).