Austin Gained 12th Highest Seller Profit Increase
As stated by ATTOM Data Solutions on their home sales report for the third quarter of 2021, U.S. metro areas with a population of at least 200,000 and 1,000 single-family homes and condo sales showed how strong the U.S. housing market remains. This report discloses that the typical home sale across the country generated a profit of $100,178 as the national median home price hit a record of $310,500. It was increased by 3.5 percent from the second quarter of 2021 and 15.9 percent from the 3rd quarter of 2020. Â
In the Austin area, being the 12th highest seller profit increase among U.S. metro areas, the typical home sale generated a 70.9 percent profit for the seller. In dollar terms, if the home were purchased for $192,656, the resale price would be $465,000. Soaring profit for sellers that they made on their original cost. Housing demand in Austin is spiking due to tech giants that attract workers to move to the area.Â
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