Leave a Message

By providing Jackie Schoelerman your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Profit Margins On Home Sales Up During Q3

WRE News October 25, 2023

Buyer

Profit Margins On Home Sales Up During Q3

Profit margins on median-priced single-family home and condo sales increased from 56.6% in the second quarter to 59% in the third quarter, according to data from ATTOM. This represented the second straight quarterly increase following several declines.

ATTOM also noted this increase occurred as the median nationwide home price shot up by 2% to a new high of $350,000. This uptick reverses a decline that took place from the middle of 2022 to the early part of 2023.

Gross profits on typical single-family home and condo sales across the country also went up during the third quarter by 5% quarterly, to $129,900, and were up 3.2% annually.

“Prices and profits around the U.S. got another boost over the summer as the housing market continued recovering from last year’s setbacks,” said Rob Barber, CEO for ATTOM. “Things do remain uncertain heading into the market’s annual Fall slowdown, especially at a time when mortgage rates are rising again, home affordability is getting tougher and the potential for a recession hangs in the air. But the latest gains fell in line with what we often see during the third quarter and showed that any predictions of an extended market fallback may have been premature.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

West Palo Alto Neighborhoods

January 15, 2025

6 Easy Changes You Can Make To Keep Your Home Warm on a Budget

January 14, 2025

We’re officially in the winter stretch, and in many parts of the country, temperatures have plunged—leaving many homeowners struggling with how to beat the chill.

The Best Time Of Day To Drink Coffee For Maximum Benefits Isn’t First Thing When You Wake Up

January 14, 2025

A cup of coffee is the quintessential staple of a morning routine—at least in the U.S.

How Much Home Equity Have You Gained? The Answer Might Surprise You

January 14, 2025

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Comedian Heather McMahan Is A Crazy Dog Mom, Just Like The Rest Of Us

January 13, 2025

As harrowing and out-of-touch as show business can be, celebrities’ most-relatable sides are exposed in the bonds they share with their pets.

New Study Details Artificial Intelligence Practices in the Real Estate Sector

January 13, 2025

Ferguson Partners, the Chicago-based talent management and strategic advisory firm for the real estate sector, announced the results of its first Artificial Intelligen… Read more

We are Your GPS to Success Let’s Get Started

We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today

Schedule Appointment

Follow Us On Instagram