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Over 90% of homes sold for a profit
October 20, 2023 jun Strategy Session

Home sellers have been busy locking in gains, with new data showing the number of resellers making a profit is on the rise.


According to CoreLogic, 92.8% of resales sold for a profit, up 40 basis points from the previous quarter.


The increase coincides with a 2.8% lift in home values nationally, as prices continue to drift higher on the back of surging demand and tight supply.


The median gains from resale were $290,000 in the quarter, while Adelaide was the market with the most profitable resales at 98.2%.



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