The biggest takeaway from ATTOM Data Solutions’ 2019 Year-End U.S. Home Sales Report was home seller profits nationwide hit a new high in 2019. That home price gain figure based on median purchase and resale prices was $65,500, up from $58,100 last year and up from $50,027 two years ago.

Among the other high-level findings included in ATTOM’s annual year-end home sales report were home price appreciation nationwide also hit a new high, as did homeownership tenure nationwide. However, homeownership tenure dropped in many of the major metro areas included in the analysis.

According to the report, homeowners who sold in Q4 2019 had owned their homes an average of 8.21 years, up from 8.08 years in Q3 2019 and up from 7.95 years in Q4 2018. The latest figure represented the longest average home seller tenure since the first quarter of 2000, the earliest period in which data is available.

Among 108 metro areas with a population of at least 200,000 and sufficient data, the top five tenures for home sellers in Q4 2019 were all in Connecticut: Norwich, CT (13.49 years); New Haven, CT (13.32 years) Bridgeport-Stamford, CT (13.23 years); Torrington, CT (12.33 years) and Hartford, CT (12.25 years).

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    Picture: ATTOM Data Solutions