Pandemic Year Sees Soaring Home Seller Profits as Prices Set New Records – Real Estate Investing Today
According to their Year-End 2020 U.S. Home Sales Report, ATTOM Data Solutions says profits on home sales increased in 9 out of 10 Housing Markets in 2020 with the national median home price up 13%. In addition the report says sellers nationwide realized price gains of $68,843 (a 34.7% ROI) on the typical sale, up from $53,700 in 2019 and $48,500 two years ago.
“Last year marked a unique year in the history of home prices and profits in the United States. A once-in-a-century health crisis tore through much of the nation’s economy but seemed to have the opposite effect on the housing market…” Said Todd Teta, chief product officer at ATTOM Data Solutions.