Jacksonville top in the nation for investor activity in housing market
Jacksonville's housing market had the highest share of investor activity in the nation during the second quarter, with nearly a third of all home purchases from April through June made by investors., investors bought 31.9% of homes that sold in Jacksonville in the second quarter — more than in Atlanta, where investors bought up 31.8% of homes, Las Vegas , Phoenix and Miami .
That number is down, though, from the beginning of 2022. In the first quarter of the year, 32.3% of homes in metro Jacksonville were bought by investors, according to Redfin — which made it the second largest investor market in the country, behind Atlanta. Although Jacksonville has the largest market share of investors in Q2, the total amount of money being spent is far behind that of the other top cities. Investors bought $994.5 million worth of properties on the First Coast, while investing $3.4 billion in Atlanta, $4.6 billion in Phoenix, $3.5 billion in Miami and $2 billion in Las Vegas.
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