Rising home prices over the last few years have helped homeowners gain more equity in their homes. In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That marks a 32 percent return on the original purchase price, just shy of the recent peak set in the fourth quarter of 2017 at 32.5 percent.
Homeowners saw the highest average selling percentage gains from their original purchase price in the following areas:
- San Jose, Calif.: 108.7% gain
- San Francisco: 77.3%
- Seattle: 69.8%
- Santa Rosa, Calif.: 67.9%
- Salem, Ore.: 63.4%
- Portland, Ore.: 59.6%
- Boston: 58.1%
- Los Angeles: 58%
- Nashville, Tenn.: 56.5%
- Salt Lake City: 56.5%
Source:
“U.S. Median Home Price Increases 4.8 Percent in Q3 2018, Slowest Rate of Annual Appreciation Since Q2 2016,” ATTOM Data Solutions (Oct. 23, 2018)
