ATTOM Data Solutions’ newly released Q1 2020 U.S. Home Sales Report reveals that the typical Q1 2021 home sale in the U.S. generated a profit of $70,050, down from $75,750 in Q4 2020, but still up 26 percent from $55,750 in Q1 2020.
According to ATTOM’s latest home sales analysis, that typical home-sale profit in Q1 2021 represented a 34.2 percent ROI compared to the original purchase price. That figure was down from 37.1 percent in Q4 2020, but still higher than 30.8 percent in Q1 2020.
The Q1 2021 report noted that typical profit margins increased from Q1 2020 to Q1 2021 in 88 percent the U.S. metro areas included in the analysis. Metros were included if they had at least 1,000 single-family home and condo sales in Q1 2021 and a population of at least 200,000.
The analysis showed the biggest annual increases in profit margins came in the metro areas of Knoxville, TN (margin up from 45 percent in Q1 2020 to 122.1 percent in Q1 2021); Nashville, TN (up from 48.2 percent to 92.1 percent); Boise, ID (up from 60.6 percent to 102.8 percent); Crestview-Fort Walton Beach, FL (up from 23.7 percent to 58.7 percent) and Chattanooga, TN (up from 38.1 percent to 72.5 percent).
Also according to the Q1 2021 home sales report, aside from Nashville, the biggest annual profit-margin increases in metro areas with a population of at least 1 million were in Columbus, OH (margin up from 38.6 percent to 60.6 percent); Baltimore, MD (up from 19.9 percent to 41.1 percent); Phoenix, AZ (up from 37.1 percent to 55.4 percent) and Seattle, WA (up from 66.7 percent to 83.3 percent).
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