U.S. Home Seller Profits Soar in 2020 as Prices Set New Records in Spite of Coronavirus Pandemic

Dated: February 12 2021

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Home seller profits are soaring as home prices set new records in the pandemic. Home sellers nationwide in 2020 saw a home-price gain of $68,843 on the average sale—that is up from $48,500 two years prior, according to new research from ATTOM Data Solutions, a real estate research firm. Seller profits increased in more than 90% of the housing markets tracked, too.

Home seller equity for single-family homes and condos represented a 34.7% return on investment compared to the original purchase price, marking the highest gain since 2006, researchers note.

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