Boston home sellers see outstanding returns in 2016

by Peter Thomas Ricci

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Home sellers in the Greater Boston housing market have seen some of the most modest 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 Boston in June 2016 was $60,000, or 26 percent over what the seller paid for the house. Those stats are an improvement over past months – two years ago, for instance, the average Boston seller gained $42,500, or 16 percent of the home’s value.

Our chart below breaks down how Boston’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%

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