Feb. 8, 2021
Attom Data reports, thanks to rising median home prices nationwide, Home sellers pocketed at $68,843 profit on the typical home sale in 2020, the most since 2005. The 34.7% return on investment (ROI) was the highest since 2006.
Home seller profits went up in more than 90% of the market evaluated, and both profits and ROI have now grown nationwide nine years in a row. Yet people are staying in their homes longer--average stay hit 8.33 years in Q4 of 2020.
Realtor.com, They see the housing market "in position for further growth this spring."