A troubling trend emerges on home sales last year

Home prices reached record highs, but return on investment fell for second year: Attom

A troubling trend emerges on home sales last year

Home prices reached record highs, but return on investment fell for second year: Attom
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People who sold their homes in 2024 took away $122,500 profit on a typical sale nationwide, according to Attom, a leading property date and real estate analytics company.

The percentage return on investment, however, declined for the second year in a row, a pattern that hadn’t happened since the Great Recession in the late 2000s.

Home prices were up 5% for the year in 2024, reaching a record median price of $350,000, according to Attom’s Year-End 2024 U.S. Sales Report.

“Prices went back up at a healthy clip and homeowners continued to make some of the best profits on sales in the past 25 years,” said Rob Barber, CEO at Attom. “The renewed shine, however, didn’t come without a bit of tarnish as margins took another turn for the worse. 

“Amid the generally good news, that’s something worth following closely in 2025.”

Homeowners who sold their property made nearly 62% in profit in 2022. That slid to 56.9% in 2023 and again fell to 53.8% last year. As prices have increased, the gross profit on median-priced single homes and condos did inch up by $2,000 in 2024 compared to the previous year.

Sellers in more expensive markets around the U.S. generally reaped the highest returns on investment in 2024, according to Attom. Geographically, the Northeast, South and West regions led the way with 29 of the 30 highest return on investment. They were led by San Jose, California (105.8% return on investment); Knoxville, Tennessee (94.3%); Ocala, Florida (87.1%); Seattle, Washington (85.6%) and Scranton, Pennsylvania (85%).

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