Home sellers in the Houston housing market have seen some of the best returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac.
Basing its analysis on publicly recorded sales deeds from more than 900 counties nationwide, RealtyTrac found that the average seller gain in Houston in June 2016 was $42,315, or 24 percent over what the seller paid for the house. Those stats are an improvement over past months – two years ago, for instance, the average Houston seller gained $26,960, or 14 percent of the home’s value.
Our chart below breaks down how Houston’s rate of return compares with other metro areas:
| MSA | Average Seller Gains – Dollar Amount | Average Seller Gains – Percentage |
|---|---|---|
| Atlanta | $24,000 | 14% |
| Boston | $60,000 | 26% |
| Chicago | $12,600 | 6% |
| Dallas | $54,037 | 29% |
| Houston | $42,315 | 24% |
| Los Angeles | $187,000 | 49% |
| Miami | $61,250 | 36% |
| New York | $64,000 | 20% |
| Philadelphia | $20,051 | 9% |
| San Francisco | $315,000 | 72% |
| Seattle | $125,000 | 48% |
| U.S. | $41,000 | 22% |