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Home Seller Profits on the Rise Across the Country

According to ATTOM Data’s Q3 2021 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales jumped to 47.6 percent – which they say is the highest level in 10 years. The report says that the typical home sale across the country during Q3 ’21 generated a profit of $100,178, with the national median home price hitting a record of $310,500.

“The third quarter of this year marked another period in a banner year for a housing market boom that’s steaming ahead through its 10th year. Prices and seller profits again hit new highs since the market started coming back from the Great Recession in 2012,” said Todd Teta, chief product officer at ATTOM.

Article by Brad Beckett, Director of Education & Outreach, Real Estate Investing Today, National Real Estate Investors Association (NREIA).

 

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