International Shoppers Were a Larger Share of U.S. Housing Demand During the First Quarter of 2025

Core Insights - International demand for U.S. housing has increased, with 1.9% of online traffic from international home shoppers in Q1 2025, up from 1.7% in Q1 2024, despite a decline in Canadian demand from 40.7% to 34.7% [1][2] International Demand Trends - Canadian home shoppers remain the largest group of international traffic at 34.7%, followed by the UK (5.7%), Mexico (5.4%), Germany (3.8%), and Australia (3.2%) [2] - Miami is the most popular U.S. market for international shoppers, capturing 8.7% of international demand, followed by New York, Los Angeles, and Orlando [2] Canadian Buyer Preferences - Canadian buyers dominate international views in Naples, Florida (59.6%), Cape Coral (59.1%), Phoenix (57.5%), North Port (56.4%), and Riverside, California (52.2%) [3] Mexican Buyer Preferences - International traffic from Mexico decreased slightly from 5.8% to 5.4%, with top destinations being border cities like San Diego, San Antonio, Dallas, El Paso, and Houston [4][6] - Proximity, cultural connections, and established networks make U.S. border cities practical for Mexican buyers [5] Shift in Texas Markets - Texas markets, particularly Austin and San Antonio, have gained international interest, marking a shift as they entered the top 20 metros for the first time [7] - Dallas and Houston also saw notable gains in international traffic, with Dallas climbing three spots and Houston securing the sixth position [7][8] Top 20 Markets for International Home Shoppers - The top markets for international home shoppers in Q1 2025 include: - Miami-Fort Lauderdale-West Palm Beach, FL: 8.7% - New York-Newark-Jersey City, NY-NJ: 4.9% - Los Angeles-Long Beach-Anaheim, CA: 4.6% - Orlando-Kissimmee-Sanford, FL: 2.9% - Dallas-Fort Worth-Arlington, TX: 2.8% - Houston-Pasadena-The Woodlands, TX: 2.6% [9][10]