Typical home sales profit margin fell to 50 percent, from peak of 64 percent in 2022; Home sales prices remain near historic highs IRVINE, Calif. – Apr. 24, 2025 – ATTOM, a leading curator of land, property data, and real estate analytics, today released its first quarter 2025 U.S. Home Sales Report, which shows that homeowners, on average, made a 50.2 percent profit selling single-family homes and condos during the first quarter of the year. That was down 3.2 percentage points from the previous quarter and down 4.8 percentage points from the first quarter of 2024. The national median profit margin for home sales has declined slightly almost every quarter since the summer of 2022, but it still remains well above pre-pandemic levels. The national median home sale price—whose historic peak was $358,000 in the third quarter of 2024—has held steady for the last two quarters at $355,000. However, the …

Home prices ticked up 0.2% month over month in March, the slowest pace since December 2022. On a year-over-year basis, home prices rose 4.6%, down from 5.1% growth the month before.  It was the 11th consecutive month that annual growth had slowed. Twenty of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Columbus, OH (-0.7%). U.S. home prices ticked up 0.2% from a month earlier in March on a seasonally adjusted basis, the slowest pace since December 2022. Home prices were up 4.6% on a year-over-year basis, down from 5.1% growth in February. That’s the 11th consecutive month that annual growth has slowed and the first time it dipped below 5% since August 2023. This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The …

Demographic data are used from everything to personalizing website experiences to deciding where to build your next business. Demographic data provide an overview of the population and market characteristics in an area, and where you source that data from matters. The best source for depends on how you plan to use the data, and the questions you are trying to answer to achieve your business goals. Whether you are researching homes sales to find a hot market, average salaries to find a fair compensation structure, or education levels to find certain skills, there is a data provider suited to your purposes. If you are looking for an overview of demographic-related data, here are five of the best API sources. Full disclosure – you’re reading this on ATTOM, so naturally, we’re starting with our own API. But if you’re looking for access to property data, population stats, education levels, ancestry, crime rates, …

More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71% of sellers are giving concessions–the highest rate among the metros Redfin analyzed and nearly double the share from a year ago.  Economic jitters are also prompting some buyers to back out of deals; 13% of pending home sales were canceled in March. Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter. That’s up from 39.3% a year earlier, and is just shy of the 45.1% record high at the start of 2023. This is based on an analysis of data submitted by Redfin buyers’ agents across the country, covering rolling three-month periods from 2019 to present. A concession is recorded when an agent reports a seller provided something that helped reduce the buyer’s total cost of purchasing the …

 According to ATTOM’s 2024 Property Tax Analysis for 85.7 million U.S. single-family homes, $357.5 billion in taxes were levied in 2024—down 1.6% from 2023. WATCH: ATTOM #figuresfriday Top 10 U.S. Counties with Highest Effective Property Tax Rates in 2024 ATTOM’s latest property tax analysis indicated that the average U.S. single-family home tax bill reached $4,172 in 2024, up 2.7% from the previous year. That growth rate was slightly below the 4.1% increase recorded in 2023. The report found the nationwide average effective tax rate for single-family homes dipped slightly to 0.86% in 2024, down from 0.87% in 2023. Please note that New York was excluded from this year’s analysis due to limited data availability from a third-party source. ATTOM’s 2024 property tax analysis reported that in 2024 the slight decline in effective tax rates across much of the U.S. coincided with a rebound in home values, which rose 4.8% in …

Nearly one in four U.S. residents are canceling plans to make a major purchase, such as buying a home or car, because of President Trump’s tariff policies, according to a Redfin survey. 55% of respondents are less likely to make a major purchase this year, including 39% who are “much less likely.” More than a third of people do not have an emergency fund to cover mortgage or rent payments in the event of a personal financial crisis, like losing their job. Nearly one in four U.S. residents are canceling plans to make a major purchase, such as a home or a car, because of President Trump’s new tariff policies. An additional one in three (32%) are delaying plans to make a major purchase.  That’s according to a Redfin-commissioned survey conducted by Ipsos between April 10-14, 2025. The nationally representative survey was fielded to 1,004 U.S. adults.  President Trump announced …

U.S. home prices are growing half as fast as they were at the end of last year.  Nationwide, the median home-sale price rose 2.6% year over year during the four weeks ending April 13. That’s roughly the same as the increases we’ve seen over the past month, but down from 5% to 6% growth at the end of 2024 and the start of 2025.  On a metro level, the median home-sale price is down from a year ago in 10 of the 50 most populous U.S. metro areas, mostly in Texas and Florida.  Price growth is losing steam nationally–and prices are dropping in some metro areas–because supply is rising while demand is slow. New listings of homes for sale are up 11.2% year over year, and the total number of homes for sale is up 12.3%. Meanwhile, pending home sales declined roughly 1% from a year ago, mortgage-purchase applications are …

Home Values Rose and Effective Tax Rates Fell; The Average Single-Family Home Property Tax Bill Rose 3 Percent, to $4,172; Highest Tax Rates Remain in the Northeast and Midwest IRVINE, Calif. — April 17, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its 2024 property tax analysis for 85.7 million U.S. single-family homes, which shows that $357.5 billion in property taxes were levied on single-family homes in 2024, down 1.6 percent from 2023. The report also shows that the average tax on a single-family home in the U.S. rose to $4,172 in 2024, a 2.7 percent increase over the previous year. In 2023, the average tax on a single-family home had increased 4.1 percent over the prior year. Nationwide, the average effective tax rate for single-family homes was 0.86 percent in 2024, down slightly from the average effective nationwide tax rate of 0.87 percent …

The rising cost of housing and the increasing frequency of natural disasters are slowing migration to certain Florida and Texas metros.  The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024. Tampa had a net inflow of just over 10,000 residents in 2024, less than one-third the 35,000-person net inflow the year before, marking the biggest slowdown in domestic migration of the 50 most populous U.S. metros. Net inflow is how many more U.S. residents move into a metro area than move out; it includes domestic moves only.  Dallas saw the next-biggest slowdown, with a net inflow of roughly 13,000 residents in 2024, down from 35,000 the year before. Next comes Atlanta, which had a net outflow of nearly 2,000 in 2024, meaning 2,000 more U.S. residents moved out of the metro than in. That’s compared to a net inflow …

Redfin was recently recognized as one of the top residential real estate brokerages by RealTrends Verified, a distinction made possible by the hard work and resilience of our outstanding agents. Our team of talented professionals continues to grow, with over 120 agents joining Redfin in March alone. Please join me in giving a warm welcome to our March Newfins! Now let’s get to know a few of these new faces.  Jack Michalkiewicz is joining our Chicago team, specializing in suburbs like Downers Grove and Naperville. Jack brings nearly 20 years of experience at traditional brokerages including Coldwell Banker and Keller Williams, including about five years as a Redfin partner agent. He says that early exposure to Redfin’s tools and customers gave him the confidence to join us full-time. “I’ve always done well with the leads I got as a partner agent, so when I heard about Redfin Next, it seemed …