General
87.7% Of Homes Resell For A Profit Over March Quarter 2020, While Only A Minor Portion Of Resales At A Loss Attributed To COVID-19 Shows Latest Report
This edition of the Pain and Gain report analyses approximately 72,500 sales that took place over the first quarter of 2020. It highlights how many of these sales made a nominal loss or gain relative to the previous sale.
Nationally, the portion of profit-making sales in the March quarter fell to 87.7% from 88.7% in the December quarter. The total value of gross profit derived from resold dwellings was $19.8 billion. This is down 12.0% from the $22.5 billion gained over the December 2019…
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