Florida home seller profits plummet as Michigan gains surge in Q1 2026
In early 2026, home seller returns fell in most U.S. markets, with Florida experiencing the steepest declines while Michigan saw profits surge. ATTOM's analysis of 128 metro areas for Q1 2026 revealed stark regional disparities. Florida markets like North Port-Sarasota and Cape Coral-Fort Myers saw profit margins drop by over 20 percentage points year-over-year, as inventory rose and demand cooled. Conversely, Michigan cities such as Detroit and Grand Rapids posted double-digit gains, driven by strong local economies and limited supply. The data highlights a shift from pandemic-era Sun Belt boom to Rust Belt revival, with national median profit margins declining 5% from Q1 2025.
Key facts
- ATTOM tracked profit margins for 128 metro areas in Q1 2026.
- Florida markets saw profit margins drop by over 20 percentage points year-over-year.
- Michigan cities posted double-digit gains in home seller profits.
- National median profit margins declined 5% from Q1 2025.
- North Port-Sarasota and Cape Coral-Fort Myers were among the hardest-hit Florida markets.
- Detroit and Grand Rapids led the gains in Michigan.
- Inventory increases in Florida cooled demand.
- Strong local economies and limited supply boosted Michigan profits.
Entities
Institutions
- ATTOM
Locations
- Florida
- Michigan
- North Port-Sarasota
- Cape Coral-Fort Myers
- Detroit
- Grand Rapids
- United States
Sources
- Quartz —