Home sellers sold their homes in March for $30,500 more than they purchased them for, representing a 17% gain that was the largest since December 2007, RealtyTrac reported in its March and first quarter home sales report.
RealtyTrac reported in March, home sellers made the most on their sales in San Francisco, with a 72% gain. That was followed by San Jose, Calif., Boulder, Colo., Prescott, Ariz., and Los Angeles.
"Home sellers in many markets are now seeing average price gains close to or above what home sellers experienced during the last housing boom," Daren Blomquist, senior vice president for RealtyTrac, said. "That should encourage more homeowners to take advantage of the prime seller's market and list their homes for sale this year."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
