2021 was a profitable year to sell a home, according to the latest data from ATTOM Data Solutions…(ATTOM)
- Home sellers nationwide realized a profit of $94,092, up 45 percent from $64,931 in 2020.
- This is up 71% from $55,000 in 2019.
Return on investment has skyrocketed as well…
- The $94,092 profit represented a 45.3% return on investment compared to the original purchase price, up from 33.6%last year.
- This is up from 30.6% in 2019.
Salsbury, MD had the biggest ROI in the country at 267.2% in 2021 followed by Lafayette, LA (+227.4%) and Montgomery, AL (+195.4%).
- Profit margins were up 87% for typical home sales across the country.
Other notable stats…
- HOMEOWNERSHIP tenure fell to an average of 6.14 years in Q4, down from 6.34 years in Q3 and 8.03 years in the last quarter of 2020.
- CASH SALES hit 30.3% of all single-family home sales, up from 22.8% in 2020 and above the 25% we saw in 2019. It’s the highest level since 2015.
- INSTITUTIONAL INVESTORS jumped to 6.9% of single-family sales, up from 2.7% in 2020 and the 3.6% we saw in 2019. It’s the highest level since 2013.