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These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes?
Total housing units: 2,457,814
Single family flips: 4,299
Average pre-flip purchase price: $138,064
Average flipped price: $189,291
Inventory for homes in the greater Miami area is very low – less than six months’ supply across all price ranges, and less than one month’s supply for homes priced under $200,000, according to the Miami Herald. This metro has the largest population in the Top 10, with just over 5 million residents.
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