Home Sellers Are Making Bank in Today’s Market
Keller Williams Real Estate News October 2017
Home sellers are making bank in today’s market, realizing an average profit of 24.1 percent, or $39,900, in 2016, according to a recent study.
Sellers on the West Coast—where home prices have skyrocketed since the recession—saw higher returns. Sellers in Oakland, California took home the highest profits at 78 percent, or $235,000.
Duration is key. The average seller turning a $39,900 profit, the analysis shows, held on to their home for seven years and five months. The average seller in Oakland hung on to their home for seven years and three months.
The top 10 markets: (Is Houston on the List? You have to click here to read the entire Article and find out which cities made the top 10 list.)
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