Thursday, November 5, 2015

RealtyTrac Reports Average Price Gain of $40,658 Highest Since Q3 2007 Despite Annual Home Price Appreciation Slowing to 2 Percent in Third Quarter, Slowest During Recovery

Daren Blomquist
IRVINE, CA, Nov. 5, 2015 — RealtyTrac® (, the nation’s leading source for comprehensive housing data, today released its September and Q3 2015 U.S. Home Sales Report, which shows that homeowners who sold during the third quarter realized an average price gain of $40,658 (17 percent) from the purchase price of their property, the highest average price gain for home sellers since the third quarter of 2007.

The report also shows home sellers in the third quarter on average had owned their home for 6.72 years when they sold.

“An increasing number of homeowners in 2015 have been cashing out the home equity they’ve gained during the housing recovery of the past three years,” said Daren Blomquist, vice president at RealtyTrac.

“That may be a good decision because the data points to a plateauing market going forward. Home price appreciation is slowing, a trend that will continue if interest rates rise in the coming months as expected. Meanwhile the threat of rising interest rates combined with lowered premiums for buyers using FHA loans is spurring more demand.”

  For a complete copy of the company’s news release, please contact:

  Jennifer von Pohlmann
  Sr. Data PR Manager
  Office: 949.502.8300 ext 139

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