U.S. Vacation Home Sales Fall to Lowest Level Since 2018

5/12/2025

A new Redfin report reveals that US vacation homes sales last year reached the lowest point in at least six years. In 2024, US homebuyers took out just 86,604 mortgages for second homes, often used as vacation properties, marking a 5% drop from the previous year and the lowest level since Redfin began tracking this data in 2018. The analysis, based on Home Mortgage Disclosure Act (HMDA) data, also shows that second-home loans accounted for just 2.6% of all mortgages issued in 2024, down from 2.8% in 2023 and well below the 2020 pandemic-era peak of 5%. Although the decline slowed from the dramatic drops of 42% in 2022 and 40% in 2023, the continued slide underscores a changing landscape for buyers of discretionary properties.

World Property Journal (05/09/25) Michael Gerrity