IRVINE, Calif. – Jan. 27, 2022 — ATTOM, curator of the nation’s premier property database, today released its Year-End 2021 U.S. Home Sales Report, which shows that home sellers nationwide realized a profit of $94,092 on the typical sale in 2021, up 45 percent from $64,931 in 2020 and up 71 percent from $55,000 two years ago. Profits rose in more than 90 percent of housing markets with enough data to analyze and the latest figure, based on median purchase and resale prices, marked the highest level in the United States since at least 2008.
The $94,092 profit on the median-priced home sale in 2021 represented a 45.3 percent return on investment compared to the original purchase price, up from 33.6 percent last year and from 30.6 percent in 2019. The latest profit margin also stood out as the largest since at least 2008.
Both raw profits and ROI have improved nationwide for 10 straight years. Moreover, last year’s gain in ROI – up nearly 12 percentage points – was the biggest annual increase since 2013.
Profits shot up as the national median home price rose 16.9 percent in 2021 to $301,000, another annual record.
The combination of rising prices and profits came during a year when a decade-long boom in the national housing market steamed ahead both because of and in spite of the Coronavirus pandemic that caused widespread economic damage in 2021 and continued to threaten a recovery that began to took hold in 2021.
Link to Article: https://www.attomdata.com/news/market-trends/home-sales-prices/attom-year-end-2021-u-s-home-sales-report/