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- Written by: Elizabeth Larson
ATTOM, a leading curator of land, property data, and real estate analytics, today released its second quarter 2025 U.S. Home Sales Report, which shows that homeowners, on average, made a 50 percent profit selling single-family homes and condos during the second quarter of the year.
That was a marginal increase over the 48.9 percent national median profit margin posted in the first quarter of 2025 but was down from a year ago when the typical home sale netted a 55.6 percent profit.
Profit margins for home sales have been trending downward since a recent peak of 64.3 percent in the spring of 2022. But the latest tick up is a sign that historically high home prices can continue to rise. The median national sales price in the second quarter of 2025 was $369,000, up 5.4 percent from the previous quarter and up 3.1 percent from a year ago.
Despite the continued growth in home prices, the typical home sale netted $123,000 in raw profit during the second quarter of 2025, which was down 5.6 percent from the $127,990 median profit posted in the second quarter of 2024.
“We saw historically high home prices last quarter but even so, we didn’t see a big jump in seller profits,” said Rob Barber, CEO for ATTOM. “That’s a measure of the fact that home prices have been very high for a number of years now.”
“While profit margins aren’t going up significantly, they’re still sitting at pretty good levels,” he added. “The median home sale last quarter netted a 50 percent profit, whereas in the years right before the pandemic the typical seller was netting around 30 percent.”
Profit margins down annually in more than three quarters of metro areas
Compared to the first quarter of the year, the profit margin for a typical home sale rose in 49.4 (77) of the 156 metropolitan statistical areas in ATTOM’s analysis that had populations of at least 200,000 with at least 1,000 home sales in the second quarter. The profit margin is the percent difference between the median purchase price and median resale price for homes in an area. Year-over-year, however, the median profit margin was down in 78.8 (123) of the 156 metro areas.
The biggest annual decrease in median profit margins for the second quarter came in Ocala, FL (down from 97.6 percent to 61.8 percent); Knoxville, TN (down from 105.8 percent to 81 percent); Sarasota, FL (down from 70 percent to 47.8 percent); Punta Gorda, FL (down from 79.5 percent to 58.9 percent); and Naples, FL (down from 72.6 percent to 52.4 percent).
The largest annual increases in median profit margins were in Hilo, HI (up from 41.4 percent to 65.7 percent); Kalamazoo, MI (up from 59 percent to 69.3 percent); Flint, MI (up from 60.7 percent to 69.7 percent); Trenton, NJ (up from 73.8 percent to 81.4 percent); and Bridgeport, CT (up from 61.5 percent to 69 percent).
Among metro areas with populations over 1 million, the largest annual decrease in profit margins came in Las Vegas, NV (down from 60.6 percent to 46.9 percent); Jacksonville, FL (down from 57.8 percent to 44.4 percent); Tampa, FL (down from 73.7 percent to 60.8 percent); San Francisco, CA (down from 84.6 percent to 72.3 percent); and Columbus, OH (down from 68.6 percent to 56.6 percent).
And for those largest metro areas, the largest annual increases in profit margins were in Honolulu, HI (up from 37.2 percent to 42.7 percent); St. Louis, MO (up from 51.1 percent to 54.9 percent); Hartford, CT (up from 75.4 percent to 78.4 percent); Chicago, IL (up from 44.5 percent to 46.9 percent); and Buffalo, NY (up from 80.2 percent to 81.8 percent).
Home sales profit margins lag in big cities across Texas and the South
More than half (55.8 percent) of the 156 metro markets in ATTOM’s analysis saw profit margins that were equal to or higher than the national rate of 50 percent. That was down slightly from the previous quarter, when 59.6 percent of the markets posted typical profit margins over 50 percent.
Among the metro areas with at least 1 million residents, the highest typical profit margins were in San Jose, CA (101.2 percent); Buffalo, NY (81.8 percent); Seattle, WA (78.6 percent); Providence, RI (78.4 percent); and Hartford, CT (78.4 percent).
The large metro markets with the lowest typical profit margins were New Orleans, LA (20.5 percent); San Antonio, TX (24.7 percent); Houston, TX (33.2 percent); Austin, TX (33.9 percent); and Dallas, TX (34.2 percent).
Highest raw profits from sales seen in California, lowest in Southern cities
The national median raw profit on a sale was $123,000 in the second quarter of 2025, down from $127,990 at the same time last year, and raw profits from home sales fell year-over-year in two thirds (103) of the 156 metro areas analyzed.
Among metro areas with populations over 1 million, the biggest annual decreases in raw profits came in Jacksonville, FL (down 18.5 percent); Austin, TX (down 16.9 percent); New Orleans, LA (down 16.7 percent); Las Vegas, NV (down 15.2 percent); and Tampa, FL (down 15 percent).
The large metro areas with the largest increases in raw profits were Honolulu, HI (up 16.9 percent); Chicago, IL (up 10.3 percent); St. Louis, MO (up 9.9 percent); Cincinnati, OH (up 9.1 percent); and Hartford, CT (up 8.3 percent).
In pure dollar figures the large metro areas with the highest typical profit on a home sale were San Jose, CA ($830,000); San Francisco, CA ($499,000); Los Angeles, CA ($360,000); San Diego, CA ($360,000); and Seattle, WA ($330,050).
While the major metro markets with the smallest typical raw profits were New Orleans, LA ($45,000); San Antonio, TX ($61,015); Oklahoma City, OK ($62,500); Birmingham, AL ($65,000); and Louisville, KY ($73,700).
Median home sale prices hit record high
The national median home sale price hit a high of $369,000 in the second quarter of 2025, $19,000 more than the previous quarter and $10,000 above the previous high of $358,976 posted in the third quarter of 2024.
Year-over-year, the median sale price rose in 78.6 percent (125) of the 159 metro areas with sufficient data to analyze. Quarter-over-quarter, it grew in 90.6 percent (144) of the markets.
The metro areas with the largest year-over-year increases in typical home sales price were Hilo, HI (up 32.9 percent); Macon, GA (up 15.3 percent); Syracuse, NY (up 13.2 percent); Toledo, OH (up 12.8 percent); and Lubbock, TX (up 11.2 percent).
The markets with the largest year-over-year drops in typical home sales price were North Port-Sarasota, FL (down 12.1 percent); Cape Coral, FL (down 11 percent); Crestview, FL (down 8.6 percent); Punta Gorda, FL (down 8.6 percent); and Stockton, CA (down 7.4 percent).
Homeowners holding onto homes for record lengths of time before selling
The national average homeownership tenure—the amount of time between an owner buying and selling a home—rose to 8.18 years for homes sold in the second quarter of 2025, the longest it’s been in at least 25 years and up 4.3 percent compared to the second quarter of 2024.
The average homeownership tenure increased year-over-year in 80.7 (92) of the 114 metro markets with sufficient data to analyze.
The metro areas with the longest homeownership tenures for homes sold in the second quarter of 2025 were Barnstable, MA (14.26 years); Santa Cruz, CA (13.23 years); New Haven, CT (13.15 years); Springfield, MA (13 years); and Hartford, CT (12.82 years).
The metro markets with the shortest ownership tenures for homes sold in the second quarter were Oklahoma City, OK (6.81 years); Provo, UT (6.96 years); Panama City, FL (7.16 years); Kansas City, MO (7.17 years); and San Antonio, TX (7.20 years).
Lender-owned sales drop back down
Homes sold by banks or other lenders following foreclosures accounted for 1.3 percent of all sales nationwide in the second quarter of 2025, down from 1.5 percent in the previous quarter and 1.4 percent at the same time last year.
Among metro areas with sufficient data to analyze, the markets with the highest proportion of lender-owned sales were Macon, GA (5.5 percent); Shreveport, LA (4.9 percent); Flint, MI (4.6 percent); Honolulu, HI (4.1 percent); and Baton Rouge, LA (4 percent).
The markets with the smallest share of lender-owned sales were Phoenix, AZ (0.4 percent); Denver, CO (0.4 percent); Seattle, WA (0.5 percent); Los Angeles, CA (0.5 percent); and Columbus, OH (0.6 percent).
Share of all-cash sales dips nationwide
All-cash transactions accounted for 38.9 percent of home sales nationwide in the second quarter of 2025, down from 42.1 percent the previous quarter and down from 39.1 percent the same time last year.
Among metro areas with sufficient data to analyze, the markets with the largest proportions of all-cash sales were Myrtle Beach, SC (70.6 percent); Claremont, NH (69 percent); Utica, NY (66.1 percent); Hilo, HI (65.9 percent); and Honolulu, HI (65.6 percent.)
The metro areas with the smallest proportions of all-cash sales were Washington, D.C. (22.6 percent); Kennewick, WA (22.9 percent); Vallejo, CA (23 percent); Jacksonville, NC (23.4 percent); and Charleston, WV (23.9 percent).
Institutional investor purchases down year-over-year
The proportion of homes sold to institutional investors nationwide in the second quarter of 2025 dropped slightly to 5.7 percent, from 5.8 percent the previous quarter. But it was down more significantly compared to the same time last year, when 6.5 percent of home sales involved institutional investors.
The metro areas with the highest proportion of sales to institutional investors were Memphis, TN (14.5 percent); Huntsville, AL (12.5 percent); Oklahoma City, OK (10.2 percent); Columbus, GA (10.2 percent); Clarksville, TN (10.2 percent).
FHA sales hold steady
Nationwide during the second quarter of 2025, about 8.3 percent of all home purchases were made using Federal Housing Administration (FHA) loans. That was up slightly from 8.2 percent in the previous quarter and from 8.1 percent the same time last year.
The metro areas with the highest proportion of sales involving FHA loans were Merced, CA (24.6 percent); Bakersfield, CA (24 percent); Visalia, CA (22.3 percent); Hagerstown, MD (21.4 percent); and Lakeland, FL (20.9 percent).
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- Written by: Elizabeth Larson
LAKEPORT, Calif. — Two locally owned Lake County restaurants will receive a financial boost from the California Restaurant Foundation and The PG&E Corporation Foundation from grants to invest in equipment upgrades, workforce training and more — all intended to help keep them in business and thrive.
The PG&E Foundation’s $1.1 million charitable contribution is funding $5,000 grants to 188 hometown restaurants in 29 counties in Pacific Gas and Electric Co.’s (PG&E) service area.
The contribution also provides operating support for the California Restaurant Foundation, which administers the grant program. The funding comes from PG&E shareholders, not customers.
Lake County’s winning restaurants are Angelina’s Bakery and the Ripe Choice Farm and Catering, both located in Lakeport.
The PG&E Foundation’s contribution to CRF’s Restaurants Care Resilience Fund will help grantees pay for equipment and technology upgrades, unforeseen hardship, employee retention bonuses and training to help restaurant owners invest in their business and people.
Grants were made available to California resident restaurant owners with fewer than five locations and less than $3 million in revenue, and prioritized minority- and women-owned businesses.
Since 2021, PG&E and the PG&E Foundation have contributed $4.3 million in funding to the CRF’s Restaurants Care Resilience Fund, providing grants ranging from $3,000 to $5,000.
In total, PG&E has funded grants to 675 restaurants and caterers in Northern and Central California.
“Our North Coast restaurants — many of them owned by local families who live in our communities — are the places where we love to gather, celebrate and make memories. These small businesses also help drive our local economies. We’re grateful for our partnership with the California Restaurant Foundation that allows PG&E to support local restaurants and ensure their ongoing success,” said Dave Cany, vice president of PG&E’s North Coast Region.
For more information on the California Restaurant Foundation, Restaurants Care, or the Restaurant Resilience Fund, visit restaurantscare.org.
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- Written by: Elizabeth Larson
SANTA ROSA, Calif. — Redwood Credit Union, or RCU, is helping bring fresh, local food to more tables through a $10,000 grant to the Good Farm Fund, reinforcing its commitment to strengthening local economies and increasing food access across the communities it serves.
RCU’s longstanding partnership with Good Farm Fund supports the economic viability of small farms in Lake and Mendocino counties.
By financially empowering local farmers, RCU ensures that the benefits of sustainable agriculture are accessible to those who need it most.
This funding is part of RCU’s broader mission to create social impact by aligning its core business with community investment.
“We are very fortunate to have the support of Redwood Credit Union, an organization which has demonstrated an ongoing commitment to supporting local farms and food security across the region,” said Caroline Radice, project coordinator of Good Farm Fund.
Through the grant from RCU, Good Farm Fund is providing agricultural producers with essential funding for capacity-building projects critical to their business success.
With RCU’s support:
• Walnut grower Round River Farm purchased machinery needed to shift from wholesale to consumer packaging due to changing market conditions.
• Peace and Plenty Farm, the largest grower and producer of saffron in North America, purchased and installed a temporary greenhouse helping to extend spring and fall growing production.
• Fourth generation family-owned Oak Valley Farm installed fencing to protect its melon and squash crops from wildlife.
“By expanding access to healthy food, we’re not just nourishing bodies—we’re helping build stronger, more resilient families, farms, and communities,” said Matt Martin, RCU’s SVP of community and government relations. “Grants like this one reflect our purpose: to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.”
Previous RCU grants to Good Farm Fund have provided direct support for small farms including Cerro Negro Farm, Coming Home to Country Farm, Folk Life Farm, Headwaters Grazing, Inland Ranch Organics, Irene’s Garden, Rancho Mariposa & Cinnamon Bear Farm and Wavelength Farm.
RCU’s partnership with Good Farm Fund exemplifies its dedication to fostering economic vitality and food equity across the region.
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- Written by: Elizabeth Larson
LAKE COUNTY, Calif. — Jacobs Engineering, the U.S. Environmental Protection Agency’s lead engineering design contractor, is hosting a virtual small business outreach event on July 30.
The event, which will take place from 9 to 11 a.m., will explore upcoming business opportunities at the Sulphur Bank Mercury Mine in Clearlake Oaks.
The 160-acre Sulphur Bank Mercury Mine site is an abandoned open pit mercury mine on the shoreline of Clear Lake south of Clearlake Oaks.
The EPA is leading the cleanup of the Sulphur Bank Mercury Mine site under the CERCLA program, also known as Superfund.
Engineering designs are currently being developed for the estimated $94 million cleanup action, which is expected to be constructed in four phases over about five years, starting in 2026.
Jacobs Engineering is the EPA's lead engineering design contractor and will also provide oversight throughout the project's construction. EPA and Jacobs recognize that skilled local subcontractors have an essential role to play in the success of this project.
There are a range of activities that Jacobs is seeking to subcontract to local businesses in the near term and a much wider range of opportunities to bid on over the next several years.
To receive log in/call in information for this virtual event, please fill out the brief questionnaire at https://forms.office.com/r/6q3znv7sM0.
For additional information about the Sulphur Bank Mercury Mine Superfund site, visit http://www.epa.gov/superfund/sulphurbankmercury.