ATTOM: Home Flipping Returns Rise in Q1

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ATTOM, Irvine, Calif., released its Q1 2026 U.S. Home Flipping Report, finding that the typical profit margin crept up to 25.4% in Q1.

That compares with 24.7% in Q4 2025, the lowest point since mid-2008. But, it’s still below Q1 2025, when the profit margin was 29.6%.

Gross profits were also up, from $64,300 in Q4 to $66,000 in the most recent quarter. However, that’s still below the $74,172 recorded in Q1 2025.

ATTOM reported that 64,348 single-family homes and condominiums were flipped in Q1.

That accounts for 8% of home sales in the quarter, and is up from 7.2% in Q4. However, it’s also down slightly from 8.2% in Q1 2025.

The overall number of flips was down from 69,711 in Q4 and 70,579 in Q1 2025.

“The first increase in flipping returns in nearly two years is a welcome sign for investors,” said Rob Barber, CEO of ATTOM. “The market remains far more competitive than it was during the peak profit years, but this quarter’s gains suggest that conditions may be stabilizing. Success still depends heavily on local market dynamics, with some metros producing strong returns while others remain difficult places to flip profitably.”

By flipped home type, flipped homes originally purchased for less than $50,000 tended to lose money in Q1, generating a typical loss of 14%. The largest ROI came from homes originally acquired for between $100,000 and $200,000, with typical profit margins of 32%.

The majority–61.1% of flipped homes–were purchased in cash, down slightly from 61.4% in Q4, but up from 59.6% in Q1 2025.

Nationwide, it took the typical home flipped in the quarter 165 days from start to finish, up from 160 days the previous quarter and 164 days in in Q1 2025.

The share of flipped homes sold to FHA buyers dipped to 10.2% from 10.6% in Q4 and 11.7% in Q1 2025.