Home sellers in the first quarter of 2019 netted an average 31 percent return on their investment, about $57,500, according to ATTOM Data Solutions.
While home sellers' ROI dropped about $2,500 over the previous quarter, they posted an annual gain in Q1 of about $767. The highest home seller returns in the Q1 report were located in San Jose and San Francisco, Calif. with an 84.1 percent and 70.9 percent ROI, respectively, followed by Seattle (63.1 percent), Modesto, Calif. (59.7 percent), and Salt Lake City (56.5 percent), HousingWire reports.
Also, 59 percent of the 129 metros analyzed in the report saw median home prices rise above pre-recession peaks, with the top five highest prices reported in Colorado and Texas.
ATTOM’s data revealed that all-cash home sales comprised 28 percent of all single-family and condo sales in Q1, up slightly from 27.7 percent in the previous quarter but down from the 28.9 percent observed one year ago.
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