CHART: AZ ranks 5th for flipping homes

Posted at 9:51 AM, Mar 03, 2016
and last updated 2016-03-03 12:02:36-05

A recent study finds that Arizona's housing market ranks fifth nationally for homes flipped in 2015.

Flipped homes in Arizona accounted for 7.1% of total home sales last year. That figure is just under two percent lower than Nevada, which tops out the list.

RealtyTrac, who provided the data, tracked flipped homes in 41 states and defines a flipped home as "a property that is sold in an arms-length sale for the second time within a 12-month period."

Take a look at the chart below to see how other states in the nation compare and who beat out Arizona.

To see the chart in fullscreen, click here.