vacation homes

Sales Seesaw: Vacation Homes Decrease, Investment Purchases Leap

According to the National Association of REALTORS, in 2015, investment purchases saw an increase for the first time in five years. Meanwhile, vacation home sales cooled off but still remained at the second highest amount in nearly a decade.

Reflecting the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.

 

Vacation-Home Market Snapshot

With the summer season ramping up, it’s a good time to take a look at the vacation-home market. The NAR reported lower vacation-home sales in 2015, despite the fact that the numbers were the second highest in about 10 years. There were approximately 920,000 vacation-home sales nationally compared to 1.13 million in 2014.