Existing Texas homes popular with foreign buyers

​​​​​WASHINGTON (National Association of Realtors) – ​ Texas is the third most popular state for foreign buyers shopping for existing U.S. homes.

International buyers purchased​ $59 billion in U.S. residential properties from April 2021 to March 2022, up 8.5 percent from the previous year, breaking a three-year streak of declines.

The average ($598,200) and median ($366,100) purchase prices by international buyers are the highest ever recorded by the National Association of Realtors (NAR).

China, Canada, India, Mexico, and Brazil were the top five countries of origin by U.S. residential sales volume. 

Eight percent of international purchases were in Texas. Florida was the preferred destination with 24 percent of all international purchases. California was second with 11 percent, Arizona fourth with 7 percent, and New York and North Carolina tied at 4 percent.​