Single-family rental is the fastest-growing segment of the housing market. These rentals (one-unit, attached and detached) account for more than 35% of the country’s 44 million rental units, compared with 30% before 2008. More than half of renters live in structures with less than four units.

The industry has grown 30 percent since 2007, compared with 15 percent for multifamily rentals during that same period. Less than 2% of all SFR homes are owned by institutional investors. Meanwhile, 87% are owned by investors with fewer than 10 units..

Residential properties typically stayed on the market for 29 days in 2019, slightly up from 27 days a year earlier, according to NAR. About 51% of homes sold in the middle of last year were on the market for less than a month.