Major Return on Investment
In the first quarter of 2021, a typical home sale in the United States generated a profit of $70,050, up 26 percent from $55,750 in the first quarter of 2020, according to a new report by ATTOM Data Solutions. This $70,050 home-sale profit represented a 34.2 percent return on investment compared to the original purchase price, the report said.
In Salt Lake County, the median single-family home price in the first quarter of 2021 soared to $468,000, up 17 percent ($68,000) from a year earlier when the median price was $400,000.
The overall median home price (single-family, townhomes, condos, twin homes) of the five-county Wasatch Front area was $395,000, up 17 percent from $339,000 a year ago.
-SALT LAKE BOARD OF REALTORS
