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% |