$62,000: The Profits DC-Area Home Sellers Saw This Year
✉️ Want to forward this article? Click here.
DC area home sellers did well for themselves at the beginning of the year.
Sellers in the region saw average profits of $62,000 in the first quarter of 2019, a 6 percent increase year-over-year, according to the most recent report from ATTOM Data Solutions. Home sellers nationwide did not fare as well, with average gains of $57,500, just a one percent increase from a year earlier.
Seller gains in the DC region were at their peak in 2005, with profits of $171,000, and remained strong through 2007 before dropping off from 2008-2011.
story continues below
loading...story continues above
The ATTOM report also measures the average homeownership tenure in the DC area. In the first quarter of the year, that tenure rose to 8.13 years, a 5.7 percent increase compared to the first quarter of 2018. This metric has steadily increased since 2000 and also exceeds the average homeownership tenure nationwide of 8.05 years.
The data for the report cited in this article is culled from recorded deeds, foreclosure filings and loan data.
See other articles related to: attom data solutions, dc area home sales, dc area housing market, dc area market trends
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc-area-home-sellers-saw-average-profits-of-62000-in-the-first-quarter/15308.
Most Popular... This Week • Last 30 Days • Ever
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
- A Look at What is Covered By Home Insurance
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- A Snapshot Of Apartment Rents Across The DC Area
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro