Sellers average price gain of 17 percent in Q3 2015
RealtyTrac®, a national source for comprehensive housing data, today released its September and Q3 2015 U.S. Home Sales Report, which shows that homeowners who sold during the third quarter realized an average price gain of $40,658 (17 percent) from the purchase price of their property, the highest average price gain for home sellers since the third quarter of 2007. The report also shows home sellers in the third quarter on average had owned their home for 6.72 years when they sold.
The eight-year high in average price gains for home sellers in the third quarter came despite slowing home price appreciation. The average sale price of single family homes and condos nationwide during the quarter was $263,976, up 0.2 percent from the previous quarter and up 2.4 percent from the third quarter of 2014 — the slowest year-over-year price appreciation in any quarter since home prices bottomed out in the first quarter of 2012.
The report also shows 2,487,664 existing single family and condo sales through the first three quarters of 2015, the highest level for the first nine months of a year since 2006 — a nine-year high.Read More