Foreign Buyers Retreat from U.S. Residential Market

Between April 2025 and March 2026, foreign buyers finalized roughly 67,100 transactions, the second-lowest figure recorded by the National Association of Realtors since tracking began in 2009. The total dollar volume of these sales dropped by 19 percent, settling at a median purchase price of $465,000.

Lawrence Yun, chief economist for the NAR, attributes the slump directly to a broader decline in international tourism. While domestic luxury homebuilders continue to capture specific pockets of foreign demand, the overall trend reflects a cooling of global appetite for U.S. residential assets that currency fluctuations have failed to reverse.