Top 10 U.S. Counties Where Homeownership Tenure Is Rising
According to their recent Q1 2021 U.S. Sales Report, ATTOM Data Solutions says nationwide homeseller profit margins increased to 34.2% in Q1 2021, up from 30.8% in Q1 2020. The typical home-sale profit in Q1 2021 increased 26% to $ 70,050 from $ 55,750 in Q1 2020. Interestingly, the report also dug into homeownership tenure data which revealed the top 10 U.S. counties with the greatest year-over-year increases in average homeownership tenure.
“Homeowners who sold in the first quarter of 2021 had owned their homes an average of 7.94 years, down from the high for this century of 8.17 years in the fourth quarter of 2020, but up from 7.7 years in the first quarter of 2020.”
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