Economic Impact of a Home Sale
How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance. Find out how much the real estate industry is affecting the gross state product
In Colorado, the total economic impact of a home sale in 2018 was $129,045. Read the full report on Colorado to find out how much the real estate industry is affecting the gross state product. NAR data on other states are available here.
Statistics for the country as a whole: United States