Profit margins on median-priced single-family home and condo sales in the US increased to 59 percent in the third quarter, according to The ATTOM third-quarter 2023 US Home Sales Report.
That's the second consecutive quarterly increase following several declines. The biggest quarterly increases in typical profit margins came in metro areas many don't often consider.
Scranton, Pa., led the way (margin up from 72.2 percent in the second quarter of 2023 to 92 percent in the third quarter of 2023); followed by Reading, Pa. (up from 70.3 percent to 88.5 percent); Flint, Mich. (up from 66.7 percent to 84.6 percent); Evansville, Ind. (up from 32.9 percent to 45.9 percent) and Roanoke, Va. (up from 44.4 percent to 56.3 percent).
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