SEATTLE — Large institutional investors are buying up Seattle homes at a pace that defies national real estate trends slowed by high interest rates.

Between April and June, investors with portfolios of more than 100 homes — known as “mega” and large investors — purchased roughly 200 single-family residential homes in the Seattle metro area, according to Cotality economist Selma Hepp. Their holdings jumped from 770 to 1,010 homes, a 31% increase.

Redfin reported a similar surge, finding investor purchases of Seattle homes rose 50% year over year.

“Overall, we see the same sharp increase in investor purchases in Seattle,” Hepp said.

When smaller investors are included, purchases rose 16% during the same period, Cotality found. A year earlier, about 9% of Seattle home sales went to invest

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