The 37 Most Profitable Markets for Home Sellers
It's no surprise that certain areas are more profitable for home sellers than others, but it certainly is surprising which places those are. ATTOM Data Solutions, a property data company, just released its Q2 2017 U.S. Home Sales Report. They examined 118 metropolitan statistical areas with at least 1,000 home sales in the second quarter of 2017.
According to ATTOM Data Solutions, homeowners who sold in the second quarter gained an average price of $51,000 since purchase — the highest average price gain for home sellers since the recession. The last time gains were this high was in the second quarter of 2007 when sellers made an average profit of $57,000.
Profitable Places
Though the number's not as high as it was 10 years ago, profits are looking up from the past few years. It looks like the second quarter of 2017 was a wise time to sell, but which markets had the highest sales?
While it's important to choose the right location for real estate investments, it's also important to have good credit. Poor credit can make it more difficult — and expensive — to buy and sell real estate. Before venturing into real estate, see where you stand. You can check two of your credit scores for free with Credit.com. You can also see just how much real estate you can buy with our How Much House Can You Afford? tool. Here are the areas where home sellers profited the most in the second quarter.
37. Las Vegas-Henderson-Paradise, Nevada
Average Homeseller Returns: 35%
36. Crestview-Fort Walton Beach-Destin, Florida
Average Homeseller Returns: 36%
35. Detroit-Warren-Dearborn, Michigan
Average Homeseller Returns: 37%
34. Cape Coral-Fort Myers, Florida
Average Homeseller Returns: 38%
33. Austin-Round Rock, Texas
Average Homeseller Returns: 38%
32. Lake Havasu City-Kingman, Arizona
Average Homeseller Returns: 38%
31. Spokane-Spokane Valley, Washington
Average Homeseller Returns: 39%
30. Salt Lake City, Utah
Average Homeseller Returns: 41%
29. Riverside-San Bernardino-Ontario, California
Average Homeseller Returns: 42%
28. Deltona-Daytona Beach-Ormond Beach, Florida
Average Homeseller Returns: 42%
27. Greeley, Colorado
Average Homeseller Returns: 43%
26. Eugene, Oregon
Average Homeseller Returns: 43%
25. Oxnard-Thousand Oaks-Ventura, California
Average Homeseller Returns: 44%
24. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
Average Homeseller Returns: 44%
23. Provo-Orem, Utah
Average Homeseller Returns: 44%
22. Miami-Fort Lauderdale-West Palm Beach, Florida
Average Homeseller Returns: 45%
21. Sacramento-Roseville-Arden-Arcade, California
Average Homeseller Returns: 46%
20. Reno, Nevada
Average Homeseller Returns: 47%
19. Prescott, Arizona
Average Homeseller Returns: 47%
18. San Diego-Carlsbad, California
Average Homeseller Returns: 47%
17. Bremerton-Silverdale, Washington
Average Homeseller Returns: 48%
16. Urban Honolulu, Hawaii
Average Homeseller Returns: 48%
15. Stockton-Lodi, California
Average Homeseller Returns: 49%
14. Boulder, Colorado
Average Homeseller Returns: 49%
13. Vallejo-Fairfield, California
Average Homeseller Returns: 50%
12. Dallas-Fort Worth-Arlington, Texas
Average Homeseller Returns: 51%
11. Salem, Oregon
Average Homeseller Returns: 52%
10. Fort Collins, Colorado
Average Homeseller Returns: 53%
9. Los Angeles-Long Beach-Anaheim, California
Average Homeseller Returns: 53%
8. Boston-Cambridge-Newton, Massachusetts-New Hampshire
Average Homeseller Returns: 57%
7. Portland-Vancouver-Hillsboro, Oregon-Washington
Average Homeseller Returns: 59%
6. Santa Rosa, California
Average Homeseller Returns: 61%
5. Denver-Aurora-Lakewood, Colorado
Average Homeseller Returns: 62%
4. Modesto, California
Average Homeseller Returns: 62%
3. Seattle-Tacoma-Bellevue, Washington
Average Homeseller Returns: 63%
2. San Francisco-Oakland-Hayward, California
Average Homeseller Returns: 65%
1. San Jose-Sunnyvale-Santa Clara, California
Average Homeseller Returns: 75%