Most people who sold their home in the first quarter of 2016 made a profit, with the average gain around $240,000 a new report shows.

Of the homes sold in the first quarter, nearly 91 per cent were sold at a profit, according to the “Pain and Gain” report from market analysis firm Corelogic. They raked in a gross profit of $12.9 billion, an average gain of $239,855 per dwelling That gain was offset by…