D-FW sellers have been in their homes almost 8 years on average.
Dallas-Fort Worth homeowners are staying put longer but seeing bigger returns when they do move.
In 2019, the average U.S. home seller saw a gain of $65,500, which is a 13-year high, according to a new study by Attom Data Solutions.
In the D-FW area, they did even better, with an average sales gain of $78,437. But that was down about $1,000 from 2018’s record return.
“The nation’s housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains,” Todd Teta, chief product officer at Attom Data Solutions, said in the report. “In short, it was a great year to be a seller.
“But there were signs that the market was losing some steam last year, as profits and profit margins increased at the slowest pace since 2011,” he said. “While low mortgage rates are propping up prices, the declining progress suggests some uncertainty going into the 2020 buying season.”
By Steve Brown
6:25 AM on Jan 23, 2020