When you list your home, the goal is to sell the property for more than you invested in it—and to walk away with a profit. And in 2020, those profits were significant for a lot of homeowners.
According to recent data from real estate research firm ATTOM Data Solutions, in 2020, the average home sale in the United States saw a home-price gain of $68,843, with profits rising in more than 90 percent of housing markets across the country—and homeowners seeing a 34.7 percent return on investment (ROI) compared to their original purchase price. That shows significant increases in profits and ROI from 2019 ($53,700 and 29.4 percent) and 2018 ($48,500 and 27.2 percent).
The Takeaway:
So, what does this mean for you? Home sellers are walking away with a healthier profit on their home sale than at any point in recent memory—so if you’ve been thinking about selling your home, now is a great time to make a move (and make a profit!).
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