ATTOM Data Solutions’ newly released Q2 2020 U.S. Home Flipping Report reveals that both home flipping profits and profit margins were up nationwide in the second quarter of 2020, despite a decrease in the U.S. home flipping rate.

According to ATTOM’s latest home flipping analysis, the gross profit on the typical home flip nationwide (the difference between the median sales price and the median paid by investors) increased in Q2 2020, to $67,902. That number was up from $63,000 in Q1 2020 and from $61,900 in Q2 2019.

That increase translates into a 41.3 percent return on investment compared to the original acquisition price. The gross flipping ROI in Q2 2020 was up from 38.9 percent in Q1 2020 and 40.4 percent in Q2 2019. The report notes that typical ROI improvement marked the first quarterly increase since Q3 2018 and the first year-over-year gain since Q4 2017.

ATTOM’s Q2 2020 home flipping analysis reports that 53,621 single-family homes and condominiums in the U.S. were flipped in Q2, representing 6.7 percent of all home sales, or one in 15 transactions. That figure was down from 7.5 percent of all home sales in Q1 2020, or one in 13, but up from 6.1 percent, or one in 17 sales, in Q2 2019.