HOUSINGNEWS REPORT
WHERE HOME SELLERS ARE RAKING IN THE BIGGEST PROFITS
HOME SELLER PROFITS HEAT MAP Q4 2017 Q4 2017 HOME SELLER AVG RETURN ON ORIGINAL PURCHASE PRICE 1.6% 90.9%
Among 155 metropolitan statistical areas with sufficient historical data, those with the highest average home seller ROI were San Jose, California (90.9 percent ROI); San Francisco, California (73.3 percent); Merced, California (64.6 percent); Seattle, Washington (64.4 percent); and Santa Cruz, California (59.8 percent). “The biggest story for the greater Seattle housing market in 2017 was persistently low inventory levels which continued to push home prices higher,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. “Sales in King County dropped modestly, but that can be blamed on rising prices which are forcing many buyers to look in neighboring counties to the north and south of Seattle where homes are significantly less expensive. I expect more of the same in 2018; an ongoing shortage of inventory combined with an economy that continues to add jobs means the Seattle market will remain very competitive and increasingly expensive.”
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“The biggest story for the greater Seattle housing market in 2017 was persistently low inventory levels which continued to push home prices higher.”
MATTHEW GARDNER CHIEF ECONOMIST, WINDERMERE REAL ESTATE
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FEBRUARY 2018 | ATTOM DATA SOLUTIONS
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