While profit margins for home sellers remain high, they have decreased slightly in the last quarter due to flattening home prices. According to nationwide property data provider ATTOM's most recent U.S. Home Sales Report, homeowners earned a 55.6% profit margin on typical home and condo sales during Q3 2024. While seller profits remain near record levels—averaging just under $130,000—the national margin has gradually declined since peaking at 64% in 2022. Profit margins have softened across the U.S., though more affordable metro areas have fared somewhat better, with smaller annual declines when compared with higher-priced regions.
The biggest year-over-year decreases in typical profit margins during the third quarter of 2024 came in the metro areas of San Francisco, CA (margin down from 84.9 percent in the third quarter of 2023 to 61.4 percent in the third quarter of 2024); Punta Gorda, FL (down from 94.1 percent to 74.4 percent); Scranton, PA (down from 88.2 percent to 69.6 percent); South Bend, IN (down from 77.3 percent to 59.2 percent) and Hilo, HI (down from 86.5 percent to 70.5 percent).