Homeowners are seeing soaring profits when they sell. Home sellers nationwide saw a profit of $94,092 on a typical sale in 2021, according to a recent report from ATTOM Data Solutions. That is up 71% from two years ago when it was $55,000.
Seller profits rose in more than 90% of housing markets analyzed by researchers. Some markets are seeing seller profits surge at even higher rates than others, particularly in several California markets.
ATTOM Data researchers also found the largest increases in investment returns on typical home sales in 2021 were in the following areas:
- Salisbury, Md.: +267.2%
- Lafayette, La.: +227.4%
- Montgomery, Ala.: +195.4%
- Mobile, Ala.: +179.9%
- Augusta, Ga.: +167.7%