Many home sellers are reaping profits, especially if they're in one of 20 hot housing markets, finds a new study from ATTOM Data Solutions, a real estate data firm.
To evaluate, researchers evaluated the difference between the median sales price of homes in a given market and the median sales price of the previous sale of those same homes.
San Francisco homeowners are seeing the highest returns, with sellers in April netting an average 74% return. In dollar amounts, homeowners in San Francisco tended to sell for an average of $385,000 more than the original purchase price, according to ATTOM Data Solutions. That number is down, however, from a year ago when sellers were netting an average of 81.6%—or a $400,000—gain.
All of the top 10 markets with the highest seller returns in April were down from a year ago, researchers note.
Overall, the top three markets seeing the largest gains in percentages in April were:
- San Francisco: 74%
- Seattle: 64.6%
- Portland, Ore.: 55.3%
Source: “Home Sale Gains by Market,” ATTOM Data Solutions (June 21, 2019)
