In ATTOM Data Solutions’ Q1 2019 Home Sales Report, the average home price gains since purchase nation-wide was $57,500. This gain of $57,500 represented an average 31.5% return as the percentage of the home’s original purchase price.

ATTOM’s top seller gains in Q1 2019 included

  1. San Jose-Sunnyvale-Santa Clara at $479,500, a -9% decline from last quarter and a -15% from one year ago
  2. San Francisco-Oakland-Hayward at $336,000, a -7% decline from last quarter and +1% increase from one year ago
  3. Los Angeles-Long Beach-Anaheim at $217,000, a -6% decline from last quarter and +12% increase from one year ago
  4. Oxnard-Thousand Oaks-Ventura at $178,000, a +2% increase from last quarter and +3% increase from one year ago
  5. Honolulu at $171,563, a -9% decline from last quarter and +1% increase from one year ago

Despite the percentage of gains dropping both quarterly and annually, there were still some nice home price gains in Q1 2019. Overall, ATTOM’s data on seller gains showed that peak quarter gains were at their highest in Q4 2005 at approximately $81,006. Q1 2019 seller gains lost an average of $53,500.

Todd Teta, chief product officer with ATTOM, said, “We are starting to see homes sales prices and profit margins softening for the nation…however, home prices are still above pre-recession peaks in 59% of local markets…”

Prices were up 50+% above pre-recession peaks in 73 of the 123 metros analyzed by ATTOM:

  • Greeley CO – +79%
  • Denver CO – +68%
  • Fort Collins CO – +67%
  • Austin TX – +62%
  • Dallas TX – +58%

Metros where prices were up 40+% above pre-recession peaks included:

  • Nashville TN – +55%
  • San Antonio TX – +49%
  • San Jose CA – +43%
  • Houston TX – +43%
  • Kansas City MO/KN – +41%

Metros with prices below pre-recession peaks included:

  • York-Hanover PA – -56%
  • Trenton NJ – -35%
  • Atlantic City NJ – -32%
  • Bridgeport-Stamford-Norwalk CT – -28%
  • New Haven CT – -22%
  • Hartford CT – -17%
  • Philadelphia PA – -15%
  • Chicago – -14%
  • Baltimore MY – -13%
  • Miami FL 0 -12%
  • Washington DC – -10%
  • Birmingham AL – -10%

Sellers’ tenure was the longest in these metros:

  • Hartford CT – 12.52 years
  • Boston MA – 12.36 years
  • Providence RI – 11.15 years
  • San Francisco CA – 10.40 years
  • San Jose CA – 10.27 years