Home Seller Profits Climb to 13 Year High
The average seller saw a home price gain of $65,500 on a typical sale, which is up from $58,100 the year prior, ATTOM Data Solutions reports in a new study. This marks the highest profit level for Sellers since 2006.
That also represents a 34% average return on their investment compared to the original purchase price, which is also the highest average profit level for sellers since 2006.
“The nation’s housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profit levels to home sellers and posing even greater challenges for buyers seeking bargains,” says Todd Teta, chief product officer at ATTOM Data Solutions.
Homeowners in western states continued to see the highest profit levels in the nation, found ATTOM Data Solutions’ researchers.
In case you missed my latest story, January is the new April! Seller’s need to list earlier because Buyers are already out in force! Call me with any of your real estate questions!
Follow Me on Facebook: Valerie M. Brown | Realtor
Follow me on Twitter: @VeeSellsVegas
Source: ATTOM Data