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Out-of-market buyers dominated residential home purchases—especially in areas where data-center campuses and artificial intelligence (AI) jobs are flourishing—in the nation’s largest metropolitan markets in the final quarter of 2025, according to a new report from online real estate listing service Realtor.com.
According to the cross-market demand report released on Feb. 26, out-of-market buyers accounted for the majority of home purchases in 87 percent of the country’s 100 biggest metropolitan markets. Just less than two-thirds of all online traffic viewing home listings came from out-of-market shoppers, up sharply from 48 percent in the same quarter in 2019, an indicator that the residential housing market is experiencing a fundamental shift in buyer demand, Realtor.com economist Jiayi Xu noted….
According to the cross-market demand report released on Feb. 26, out-of-market buyers accounted for the majority of home purchases in 87 percent of the country’s 100 biggest metropolitan markets. Just less than two-thirds of all online traffic viewing home listings came from out-of-market shoppers, up sharply from 48 percent in the same quarter in 2019, an indicator that the residential housing market is experiencing a fundamental shift in buyer demand, Realtor.com economist Jiayi Xu noted….
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