Charlotte County home sellers had 2nd highest profit margin in Q1

Author: Nancy Semon, Gulfshore Business
Published: Updated:
(Credit: Getty Images)

The Punta Gorda metropolitan statistical area, or MSA, which encompasses all of Charlotte County, had the second highest profit margin for sellers in the U.S. in the first quarter of 2024, out of 135 MSAs analyzed, according to data firm ATTOM. 

While nationwide profit margins for home sales decreased 55%, in Charlotte County the profit margin for sellers rose to 103.1% for the first three months of the year, from 83.5% in the fourth quarter of 2023. 

The change represented a 37.1% quarter-over-quarter increase and a 12.6% year-over-year increase year. 

But that doesn’t mean every home seller saw big profits. Those who bought a home during the buying frenzy of 2020-21 might have sold for less than they purchased.

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