$196,000: The DC Area Sees Record Home Seller Profits
✉️ Want to forward this article? Click here.

DC area home sellers realized historic profits in the second quarter of the year, as home prices reached record levels.
Sellers in the region saw average profits of $195,000, a 51% increase compared to a year ago, according to a new report out this week from ATTOM Data Solutions. The previous high for seller profits ($175,000) was in the second quarter of 2023.
In certain DC zip codes, the profits were much higher than the rest of the region. In the 20008 zip code, which includes portions of Cleveland Park and Woodley Park, home sellers saw profits in excess of $630,000. In the 20016 zip code, which includes portions of Spring Valley, Palisades and Kent, seller profits averaged $630,000.
story continues below
loading...story continues above
As they soared in the DC region, profit margins were generally flat across the rest of the U.S.
“The second-quarter profit report offers a mixed bag of plusses and minuses that added up to an overall picture of not much change for sellers,” said Rob Barber, chief executive officer for ATTOM. “Prices jumped back upward, which was great news for owners. So did raw profits. Profit margins also remained historically elevated. But the bottom-line profit-margin trend didn’t move much at all because soaring prices are far from a new thing."
The report calculates seller gains as the difference between the median sold price for the quarter and the previous median sold price of those same units that sold.
This article originally published at https://dc.urbanturf.com/articles/blog/196000_the_dc_area_sees_record_home_seller_profits/22560.
Most Popular... This Week • Last 30 Days • Ever

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »

In this article, UrbanTurf will explore some of the more common methods that parents ... read »

As we head into the weekend, UrbanTurf decided to take a closer look at how much home... read »

The new project will be located at a site that the developer purchased several years ... read »

A large new apartment project is in the works for the Long Branch section of Silver S... read »
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
- How Can Parents Transfer Real Estate to Their Children?
- The 10-Year Trajectory Of DC-Area Home Prices In 4 Charts
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
- 148-Unit Double Winged Apartment Building Pitched In Silver Spring
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro