Profits For U.S. Home Sellers Decline Again In First Quarter Of 2024 As Prices Fall

Attom Report


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Author: Funds Society, Miami

The decline in typical profit margins, from 57.1 percent in the fourth quarter of 2023 and from 56.5 percent a year ago, came as the median nationwide home price went down quarterly by 4.3 percent, to $330,000

The drop-off in prices and profits comes as a mix of powerful forces is putting both upward and downward pressure on the U.S. housing market

Metro areas were included if they had sufficient data and at least 1,000 single-family home and condo sales in the first quarter of 2024