Denver, Austin, Dallas and Nashville Sales Prices 50+ Percent Above Pre-Recession Peaks
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| Todd Teta |
IRVINE, CA –— ATTOM Data Solutions, curator of the nation’s premier property
database and first property data provider of Data-as-a-Service
(DaaS), released its Q1 2019 U.S. Home Sales Report, which shows that
homeowners who sold in the first quarter realized an average price gain of
$57,500 since purchase, representing an average 31.5 percent return on the
purchase price.
Meanwhile, the report
also shows that homeowners who sold in the first quarter had owned an average
of 8.05 years, down slightly from a record-high average homeownership tenure of
8.17 years in Q4 2018 but still up from 7.75 years in Q1 2018.
Homeownership tenure averaged 4.21 years
nationwide between Q1 2000 and Q3 2007, prior to the Great Recession.
“We are starting to
see homes sales prices and profit margins softening for the nation, and the
average homeownership tenure did see a slight dip from last quarter,” said Todd
Teta, chief product officer at ATTOM Data Solutions.
“However, home prices
are still above pre-recession peaks in 59 percent of local markets, and as the
buying season starts to kick into gear, the next few months may provide even
more answers to the question of whether a lasso is indeed around the market or
if the recent trend is a temporary bump in the ride.”
CONTACTS:
Christine Stricker
949.748.8428
Data and Report Licensing:
949.502.8313
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