Home Seller Profits… On the Rise?

A positive sign for homeowners—

The profit margin on a typical home sale nationwide increased to 59 percent in Q3. (ATTOM)

⬆️That's up from 56.6 percent in Q2 of 2023, and marks the second straight quarterly increase after experiencing multiple drops.

So what does this mean?

On average, sellers are experiencing a significant profit gain from their home sale in 2023.

Now, we know this is a high-level view of the data—not a regional view.

And we also know that the market remains uncertain in a lot of ways—with high mortgage rates, decreasing housing affordability, and the state of the overall economy—but we still think it's worth sharing.