The ATTOM Data Solutions’ recently released Q3 2019 Home Sales Report cited that U.S. median home prices have reached a new high. According to the report, single-family homes and condos sold for a median price of $270,000 in Q3 2019, up 2.9 percent from Q2 2019 and up 8.3 percent from Q3 2018.
The report also noted that homeowners who sold in Q3 2019 earned a median profit that ticked up to a post-recession high of 34.5 percent, up from 34.4 percent last quarter and 34.3 percent from a year ago.
Homeowners who sold in Q3 2019 realized an average home price gain since purchase of $68,686, up from an average gain of $66,995 from last quarter and up from an average gain of $63,750 a year ago. The average home seller gain of $68,686 in the third quarter represented an average 34.5 percent return as a percentage of original purchase price.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.