New Western CEO says the firm beat OpenDoor as nation’s largest homebuyer in Q2 2025

“This milestone isn’t factual about quantity — it’s concerning the grit, creativity, and relentless drive of a bunch that refuses to be slowed down by nowadays’s market headwinds. As a replacement, we’ve turn out to be stronger as the category chief in a part of valid property that’s rewriting the playbook,” Carlton wrote.

Carlton educated HousingWire that his firm had sold roughly 20% extra properties than Opendoor in Q2, for a entire of roughly 2,000 properties.

In his post, Carlton paid tribute to New Western’s group, thanking them for “proving that the manner forward for valid property doesn’t possess to gape luxuriate in the previous.”

“We’ve pioneered a varied form of valid property model — one rooted in revitalizing communities, expanding housing offer, and opening the door to change for thousands of local investors who’re literally fixing up The US,” he added.

New Western’s achievement comes as Opendoor affords with some inner turmoil. Final Friday, the iBuyer’s longtime CEO and chair of the board Carrie Wheeler announced she became as soon as stepping down, effective straight away. The firm appointed Shrisha Radhakrishna as president and length in-between chief.

Wheeler’s departure comes on the shut of a chaotic summer season for Opendoor. In July, the iBuyer’s stock surged after being promoted by meme stock subreddits. Opendoor’s stock rose some other time after Wheeler announced her departure, however it closed the day Wednesday down 11.05% when put next to Tuesday. 

At some level of Q2 2025, Opendoor bought factual 1,757 properties, down 63% when put next to the year prior. 

Jon Delozier contributed reporting to this anecdote.