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Q3 home sellers netted $61K at resale

Q3 Home Sellers Netted $61K at Resale  
Q3 home sellers netted $61K at resale - According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices. After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about. The results from ATTOM fall right in line with data from the latest edition of the National Association of Realtors’ (NAR)Profile of Home Buyers and Sellers.

Q3 Home Sellers Netted $61K at Resale

Below is a chart that was created using NAR’s data to show the percentage of equity that homeowners earned at the time of sale based on when they purchased their homes. Q3 Home Sellers Netted $61K at Resale
 
Even though those who purchased at the peak of the market netted less than those who bought before and after the peak, the good news is that there was a double-digit profit to be had! Many homeowners believe that they are still underwater which has led many of them to not even consider selling their houses.

Bottom Line

If you are curious about how much equity you’d earn if you sold your home, let’s get together to perform an equity review and determine the demand for your home in today’s market!
 

Jeff Daley   This article is brought to you by Jeff Daley and the Scottsdale Real Estate Arizona real estate team.   

  

Luxury Valley Home Registered TrademarkJane Daley, BA
Jeff Daley, PhD
Luxury Valley Homes - West USA
Scottsdale Real Estate Arizona
Our Luxury Valley Home Team
480-595-6412

Comment balloon 0 commentsJane & Jeff Daley, PhD • November 14 2018 08:35PM
Q3 home sellers netted $61K at resale
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