2017 is a seller's market

2017 is the most profitable year to sell a home in the last decade.

Homeowners who have sold this year have seen an average price gain of $44,000 from purchase. This is the highest gain since 2007.

Experts are saying things will continue to get better for sellers before they take a turn for the worse. So, if you're thinking about moving this year, now is a great time to put your house on the market.

The low housing supply has helped drive up home prices to create a competitive market where bidding wars and above-asking prices are becoming the new norm.

The median home price was $225,000 in early 2017, which is already up 13% from a year ago.

Nowhere is this more evident than in cities with strong local economies. They have seen steady price growth during the housing market's recovery and homes in these more expensive markets have seen price gains soar. Sellers in San Jose, California saw an average price of $356,500, which was followed closely by an average gain of $276,750 in San Francisco.


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