Last year was a good year for home sellers. A combination of elevated buyer demand and rising home prices meant homeowners looking to make a move could sell quickly and for a profit. And, according to new numbers from ATTOM Data Solutions, their profit margin in 2021 was the biggest in 13 years. So how big was the profit for the average home sale?
Home Sale Profit Up
Well, according to the report, the typical home sale last year generated $94,092, representing a 45.3 percent return on investment compared to the original purchase price. That’s up from $64,931 in 2020 and 71 percent higher than it was two years ago, when sellers made $55,000 on their home’s sale. Todd Teta, chief product officer at ATTOM, says 2021 was one the best years ever for home sellers. “What a year 2021 was for home sellers and the housing market all around the U.S.,” Teta said. “Prices went through the roof, kicking profits and profit margins up at a pace not seen for at least a decade … 2021 will go down as one of the greatest years for sellers and one of the toughest for buyers.” Click on the link for more information.
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