Alabama had one of the largest shares of “flipped” homes in the U.S. during the third quarter, according to a recent report.

RealtyTrac is reporting the state and two of its metros, Mobile and Birmingham, had some of the nation’s top counts during the quarter for homes purchased for quick sales turnaround.

“After curtailing flipping activity last year due to slowing home price appreciation and shrinking inventory of flip-worthy homes, real estate investors have started to jump back on the flipping bandwagon in 2015,” said Daren Blomquist, vice president at RealtyTrac. “On the acquisition side, investors are finding creative ways to pinpoint potential flips in the off-market arena, and on the disposition side investors have a bigger pool of potential buyers thanks to a surge in FHA (Federal Housing Administration) buyers this year, many of them first-time buyers looking for starter homes.”

RealtyTrac’s Home Flipping Report records units sold as part of an arms-length sale for the second time in a 12-month period, the report said.

While Alabama did not show up on the lists for top flips for millennials or boomers, the state’s 7.5 percent share of flipped homes placed third behind just Nevada (8.4 percent) and Florida (7.9 percent).

Mobile had a 9.2 percent share of flipped homes, behind just Memphis (10.5 percent) and Fresno (9.5 percent).

Birmingham, the state’s largest metro, was farther down the list at 7.4 percent.

Nationally, there were 43,197 single-family units flipped during the third quarter, which makes up 5 percent of all single-family home and condo transactions, RealtyTrac said. That’s down 7 percent from second quarter flips but up 18 percent from a year ago.

Bryan Davis is the research/media coordinator for the Alabama Center for Real Estate housed within the Culverhouse College of Commerce at the University of Alabama. He can be reached at 205-348-5416 or at bkdavis@culverhouse.ua.edu. The Alabama Center for Real Estate’s core purpose is to advance the real estate industry in Alabama by providing relevant resources in the areas of research, education and outreach.