【World Property Journal】Profit Margins on U.S. Home Sales Spike to Decade High in Q3

Median Home Prices Reach New Record High in North America

According to ATTOM Data's newest quarterly U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales across the United States jumped to 47.6 percent - the highest level since the end of the Great Recession a decade ago.

In yet another sign of how strong the U.S. housing market remains, the report reveals that the typical home sale across the country during the third quarter of 2021 generated a profit of $100,178 as the national median home price hit a record of $310,500. The latest profit level - also a new high - was up from $88,800 in the second quarter of 2021 and from $69,000 in the third quarter of 2020.

Those gains raised the typical return on investment that sellers made on their original purchase price nationwide from 42 percent in the second quarter of this year and 34.5 percent a year earlier. The investment-return increases marked the biggest quarterly jump since 2014 and the biggest annual surge since at least 2008.

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