Inman News

A new report from Attom Data Solutions found that 77% of metros analyzed posted double-digit annual home price gains.

In the face of a global pandemic, home prices have continued to rise across the nation, according to Attom Data Solutions’ third quarter home sales report. In total, 77 percent of metros analyzed posted double-digit annual home price gains, and 86 percent of metros saw profit margins increase.

The typical third-quarter home sale in the U.S. generated a gain of $85,000, up from $75,000 the quarter before and up from $66,000 in the third quarter of 2019.

The typical $85,000 home-sale profit represented a 38.6 percent return on investment (ROI) from the original purchase price, up from 37.5 percent in the second quarter of 2020, and up from 33.7 percent one year ago.

Both raw profit and ROI figures marked highs since the U.S. economy started recovering from the Great Recession in 2012.

Todd Teta | Attom Data Solutions

“Home prices and seller profits across the nation continue racking up new highs as the housing market remains relatively immune from the economic havoc caused by the coronavirus pandemic,” Attom Chief Product Officer Todd Teta said in a statement.