Homeseller profits increased for three years in a row, rising to $65,500 in 2019

Despite home price growth softening in some of the nation’s most expensive markets, it’s still a seller’s market according to an Attom Data Solutions report released on Thursday.

The average homeowner who sold their home in 2019 experienced a home price gain of $65,500 — representing a whopping 34 percent return on investment compared to the original purchase price.

For the past two years, homeowners have been experiencing record home price gains, with returns on investment growing from $50,027 in 2017 to $58,100 in 2018.

“The nation’s housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains. In short, it was a great year to be a seller,” said Attom Chief Product Officer Todd Teta in a prepared statement.

Sellers in San Jose, California (82.8 percent); San Francisco, California (72.8 percent); Seattle, Washington (65.6 percent); Merced, California (63.2 percent) and Salem, Oregon (62.1 percent) experienced the greatest returns on investment for the second consecutive year.