Offerpad Solutions (OPAD) Homes Sold

Counts the homes Offerpad has resold in a period. Sales velocity converts inventory into cash and profit—consistent, strong sales reduce carrying costs and validate pricing and renovation strategies.

Homes Sold has collapsed from its 2022 peak to a steady low into 2026 and remains far below the ~1,000 quarterly transactions management says are needed for adjusted‑EBITDA breakeven; Q1 call reported ~263 transactions (versus 211 in this series, implying definitional/cohort differences) and guidance of 300–350 in Q2, signaling only modest sequential recovery. AI-driven conversion gains, lower lead costs and marketplace growth materially reduce execution risk, but macro headwinds and a shift toward lower‑fee transaction mix keep profitability contingent on sustained monthly conversion improvement.