RESEARCH TRIANGLE PARK – It’s not just homeowners in the Triangle who are selling homes at record profits.
The Charlotte metropolitan region ranked fifth among all U.S. metro regions with populations of more than one million residents for the largest annual increase home sale prices, up 24.2% upon the sale of their home, according to a new ATTOM report.
ATTOM’s data set found that, for those who sold a home in the Charlotte area during the second quarter of the year, the typical net profit in the region was $138,000 upon the sale of the home, which is up 52% from the second quarter of 2021.
But in Greensboro and in Winston-Salem, as well as Wilmington, the year-over-year increases in profit margins were even higher than in Raleigh, Durham, or Charlotte.
In Greensboro, though the typical gain is $68,000, that’s increased by 64% since last year.
In Winston-Salem, the typical gain in the second quarter of 2022 was $92,000, a change of 67% since a year ago.
In Wilmington, the typical gain was $115,000, up 62% from a year ago.
Home sale profits hit record high in equity rich Triangle – up 42% from 2021
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