A new ATTOM report shows a quarterly and annual drop in profit margins from home sales in 89 (or 66%) of the 134 U.S. metros analyzed. Sixty-three of those metros reported annual increases in seller profit margins.
Home seller profits increased from 56.6% in Q2 to 59% in Q3 according to ATTOM’s third quarter 2023 U.S. Home Sales Report, showing the second consecutive quarterly uptick after several declines. Profit margins are down year over year.
ATTOM released its Q1 2023 U.S. Home Sales Report, which shows seller profit margins on single-family home and condo sales across the country fell to 44.2% as home prices remained flat in three quarters of the U.S.
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