South Florida home sellers reap average profit of almost $78,000

(Getty Images)

In another sign that South Florida’s housing market is bouncing back, home sellers cashed in an average gain of $77,900 during the second quarter of 2017.

That’s according to ATTOM Data Solutions. Seller profits topped $100,000 during the peak of the real estate bubble, then plunged to an average loss of $100,000 during the crash.

The heftiest gain came in Silicon Valley, where sellers pocketed an average profit of $410,000.

Author: Jeff Ostrowski

Jeff covers the economy, banking and biotech for The Palm Beach Post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s