IRVINE, Calif. – On average, house flippers have not been profiting from the housing market boom.
According to ATTOM Data, average profits on house flipping fell from $71,000 in fourth quarter 2020 to $63,500 in first quarter 2021.
The overall return on investment was 37.8 percent, making it the metric’s lowest point since 2011.
Only 2.7 percent of home sales were flipped in first quarter 2021—the lowest level in 21 years. In 1Q2020, 7.5 percent of home sales were flipped; 4.8 percent were flipped in 4Q2020.
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