Home Seller Profits Climb to 13 Year HIGH

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!

LOOKING TO SELL?

For sellers, what a great time to sell! Inventory is low and motivated buyers are looking for houses for sale. Sellers don't have competition with as many property owners. Some would be sellers have decided to wait out the pandemic, but more and more buyers enter the market. This only further pushes the pricing point higher due to tight supply. Check your home's value here! or CONTACT ME HERE FOR MORE INFORMATION!

LOOKING TO BUY?

For buyers, the inventory is slowly increasing and mortgage rates are at historic all-time lows, record-breaking never seen before lows. Buyers are out in force taking full advantage of their higher than usual purchasing power. It is a win-win scenario for both sellers and buyers. CONTACT ME HERE to get started!

Home Seller Profits Climb to 13 Year HIGH