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Hello everyone,
As always, I am happy to write to you in hopes that I will inspire you to think and possibly to move forward toward accomplishing your dreams. Whatever dreams you may have, “Everyday is a good day to buy and sell real estate”.
ATTOM’s recently released Q3 2024 U.S. Home Sales Report shows homeowners earned a 55.6% profit margin on typical home sales, down 1% from Q2 2024 and 2% from Q3 2023. Meanwhile, the median home value stayed virtually unchanged at $360,000, following a spring spike.
- Profit margins decreased in half of U.S. metro areas quarter-over-quarter and in three-quarters year-over-year, with the biggest drops in San Francisco, CA, Punta Gorda, FL, and Scranton, PA.
- Two-thirds of metro markets saw investment returns over 50%, though this was down from last year.
- Median home sale raw profits held steady at $128,700, near record highs.
- Homeowners selling in Q3 had owned their homes for an average of 8.09 years, continuing an upward trend.
Read Entire Article from ATTOM
Let me know when you are ready!
Remember my moto, “work to live, don’t live to work”.
I wish you the best and I am always committed to helping you get what you want!
Sincerely, Keith Chambers, Realtor®
Realtor® is a Registered Trademark*
