Thursday, January 23, 2020

Average US home seller profits hits another new high?

Average US home seller profits in 2019 hit record high...  A happy headline indeed, but also demonstration of the Rorschach test of real estate stats at the national level.
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Home ownership tenure of sellers in Q4 2019 averaged 8.21 years, the highest since Q1 2000, roughly coinciding with the nearly 60% national home price index appreciation since Q1 2011, demonstrating the importance of good timing.
HPI Price by Segment
Moreover, the top 5 tenures were all counties in Connecticut (12.25 years+), a state where overall sale prices remain below the 2007 peak.

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