by Mike Colpitts 
A year ago this month Florida home flipping earned the average flipper a gross profit of $80,000 a flip. However, the U.S. home flipping market saw a slowdown in early 2025, as activity and investor profits declined, according to ATTOM’s newly released 2025 U.S. Home Flipping Report. Flipping homes hits the lowest since 2018.
Fort Myers median home price of $335,00 is one of the lowest in the state of Florida, which offers home flippers lots of opportunities to make a profit. Buying a home on the low end that needs improvements is a flippers paradise.
Home prices in Fort Myers are still declining as home sales have increased in volume for three straight months. Purchase prices average between $260,000 and $300,000 for single family home flips in Fort Myers. While flipping is still showing substantial profits in Fort Myers, Naples flippers are seeing losses in most cases, mainly due to higher market prices.
Flipping Homes Declines
A total of 67,394 single-family homes and condominiums were flipped in the first quarter, representing 8.3% of all home sales between January and March. The figure marks an increase from 7.4% in Q4 2024, but reflects a slight dip from 8.7% in the same period last year. The latest volume also represents the lowest quarterly flip count in the U.S. since 2018.
The typical gross profit on a flipped home dropped to $65,000 in Q1 2025–down from $70,000 in the prior quarter–on a median resale price of $325,000 and a median purchase price of $260,000. That equates to a 25% return on investment (ROI) before expenses, continuing a downward trend from the post-pandemic peak ROI of nearly 49% in late 2020.
“The competitive home market means high prices, which is good for short-term investors on the selling end,” said Rob Barber, CEO of ATTOM. “But that dynamic is also making it harder to find underpriced homes to buy up and it’s ultimately squeezing profit margins for the industry.”
Flipping Homes Hits Lowest
The most profitable flips occurred in markets where homes were acquired for less than $225,000, with median ROIs of 46.4%. Mid-range markets ($225,000-$400,000 purchase prices) yielded 22%, while higher-end markets (>$400,000) delivered just 19% returns.
Cash is king in the flipping sector. Nationwide, 62.2% of flipped homes were bought with all-cash in Q1, slightly down from 63.4% last quarter. Cities like Rockford, IL; Buffalo, NY; and Naples, FL saw cash purchases exceed 81%.
Average time to complete a flip rose to 164 days, up from 157 days in Q4 2024 but still below 2023 levels.
Some 76% of the 173 metro areas analyzed by ATTOM saw quarter-over-quarter gains in the volume of flips. Macon, GA topped the list of flipping activity with flips making up 21% of home sales, followed by Warner Robins, GA (20.6%), Atlanta, GA (15.9%), Memphis, TN (14.7%), and Akron, OH (13.3%).