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| Daren Blomquist |
IRVINE, CA, July 27, 2017 — ATTOM Data Solutions, curator
of the nation’s largest multi-sourced property database, today released its Q2
2017 U.S. Home Sales Report, which shows that homeowners who sold in the second
quarter realized an average price gain of $51,000 since purchase — the highest
average price gain for home sellers since Q2 2007, when it was $57,000.
The average home seller
price gain of $51,000 in Q2 2017 represented an average return of 26 percent on
the previous purchase price of the home, the highest average home seller return
since Q3 2007, when it was 27 percent.
The report also shows that
homeowners who sold in the second quarter had owned an average of 8.05 years,
up from 7.85 years in the previous quarter and up from 7.59 years in Q2 2016 to
the longest average homeownership tenure as far back as data is available, Q1
2000.
“Potential home sellers in
today’s market are caught in a Catch-22. While it’s the most profitable time to
sell in a decade, it’s also extremely difficult to find another home to
purchase, which is helping to keep homeowners in their homes longer before
selling,” said Daren Blomquist,
senior vice president at ATTOM Data Solutions.
“And the market is becoming even more
competitive, with the share of cash buyers in the second quarter increasing
annually for the first time in four years.”
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
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