Three of the five metropolitan areas which saw the biggest year-on-year drops in typical profit margins—the percentage return on investment—in the second quarter of 2024 are in Florida, according to a new report from ATTOM.
The biggest year-over-year decrease in typical profit margins—which can be calculated as the percentage difference between median purchase and resale prices—was recorded by ATTOM in the metropolitan area of Hilo, Hawaii, where the homeowners’ margin was down from 80.5 percent in the second quarter of 2023 to 45.3 percent in the second quarter of 2024.
It was followed by Port St. Lucie, Florida (down from 95 percent to 73.9 percent); Daphne-Fairhope, Alabama (down from 49.8 percent to 34 percent); Crestview-Fort…
