IBuyers have been back in action now for months, after a pause in buying by many — like Redfin, Opendoor and Zillow — at the start of the pandemic. But unlike real estate agents who charged back into business with vigor after shutdowns and stay at home orders, iBuyers continue to be slow to recover in the months since they resumed operations around May and June of 2020, according to data from Redfin.

Top U.S. iBuyers purchased 3,505 homes during the fourth quarter of 2020, a figure down 48 percent year over year, according to MLS and public records data analyzed by Redfin. That number represents 0.3 percent of homes sold across 418 U.S. metro areas tracked by the brokerage during Q4 2020, which is a slight increase from 0.2 percent of all homes sold in Q3 2020, but down from 0.8 percent of all homes sold in Q4 2019.

iBuyers | Redfin
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