Big Jump In Home Seller Profits | Real Estate

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Big Jump in Home Seller Profits

ATTOM’s 2021 year-end report on the housing market found it was far from a typical year. Homeowners who sold their houses in 2021 realized a median profit of $94,092 according to data released by ATTOM. That was a 45.3 percent gain, up from $64,931 and 33.6 percent in 2020. Those homeowners who sold in the fourth quarter of last year had owned their homes an average of 6.14 years. Another anomaly in 2021 was the percentage of all-cash sales. ATTOM said there were a few signs late last year that prices could flatten out in 2022, including declining affordability, lower investor profits and rising foreclosure activity. No doubt, there are warning signs that the surge could slow down this year.

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