Home Sellers in U.S. Enjoy Highest Price Gains Since 2007

Home Sellers in U.S. Enjoy Highest Price Gains Since 2007

According to Irvine, Ca-based RealtyTrac’s March and Q1 2016 U.S. Home Sales Report,  U.S. home sellers in March on average sold for $30,500 more than they purchases for, a 17 percent average gain in price — the highest average price gain for home sellers in any month since December 2007 at the onset of the Great Recession.

Among 125 metropolitan statistical areas with at least 300 sales in March, home sellers realized the biggest average gains compared to purchase price in San Francisco (72 percent average gain); San Jose, California (60 percent); Boulder, Colorado (53 percent); Prescott, Arizona (51 percent); and Los Angeles (48 percent).

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Daren Blomquist

“Home sellers in many markets are now seeing average price gains close to or above what home sellers experienced during the last housing boom,” said

... read more at: http://www.worldpropertyjournal.com/real-estate-news/united-states/march-home-sales-report-q1-home-sales-report-realtytrac-home-price-gains-in-2016-median-home-price-april-2016-real-estate-news-housing-data-source-home-foreclosure-data-for-2016-9800.php