Top Cities For Home Buyer Interest
Though many real estate markets in the U.S. are still still hurting from the recession, some cities are bucking the trend. Compared to one year ago, these cities are experiencing significantly heightened buyer interest that could signal a move to a seller’s market in the future.
Data from real estate website Trulia.comshows how certain cities have seen an explosion of buyer interest - measured by the growth in share of online search traffic, relative to the top 100 cities searched across the country - compared to one year ago. In this report, cities are ranked by this metric. For most cities, increased buyer interest is accompanied by big increases in sales volume.
So, which real estate markets are buyers looking into? Click ahead to find out!
By Paul Toscano
Posted 1 Sept 2010
9. (Tied) Palm Springs, California
Growth in buyer interest: 29%
Homes for sale on Trulia: 917
Median sales price: $225,000
Change (YoY): -3.5%
Sales in past 12 months: 591
Change (YoY): +16.3%
9. (Tied) Albuquerque, New Mexico
Growth in buyer interest: 29%
Homes for sale on Trulia: 4,517
Median sales price: $153,864
Change (YoY): +6.1%
Sales in past 12 months: 336
Change (YoY): +236%
8. Mesa, Arizona
Growth in buyer interest: 30%
Homes for sale on Trulia: 3,538
Median sales price: $127,600
Price change (YoY): +6.1%
Sales in past 12 months: 3,287
Change (YoY): -3.7%
7. Houston, Texas
Growth in buyer interest: 31%
Homes for sale on Trulia: 20,845
Median sales price: $81,600
Change (YoY): +0.7%
Sales in past 12 months: 348
Change (YoY): -18.3%
6. Saint Augustine, Florida
Growth in buyer interest: 34%
Homes for sale on Trulia: 3,547
Median sales price: $172,900
Change (YoY): -9%
Sales in past 12 months: 651
Change (YoY): +12%
5. Detroit, Michigan
Growth in buyer interest: 39%
Homes for sale on Trulia: 3,382
Median sales price: $71,328
Change (YoY): +2.7%
Sales in past 12 months: 1,418
Change (YoY): +42.5%
4. Bradenton, Florida
Growth in buyer interest: 41%
Homes for sale on Trulia: 3,778
Median sales price: $130,000
Change (YoY): +0.3%
Sales in past 12 months:1,038
Change (YoY): +28.9%
3. West Palm Beach, Florida
Growth in buyer interest: 45%
Homes for sale on Trulia: 2,978
Median sales price: $90,000
Change (YoY): -30.1%
Sales in past 12 months: 1,092
Change (YoY): +11.8%
2. Beverly Hills, California
Growth in buyer interest: 49%
Homes for sale on Trulia: 453
Median sales price: $1,350,000
Change (YoY): +10.2%
Sales in past 12 months: 98
Change (YoY): +6.5%
1. Fort Lauderdale, Florida
Growth in buyer interest: 65%
Homes for sale on Trulia: 3,638
Median sales price: $160,000
Change (YoY): -19.3%
Sales in past 12 months: 1,305
Change (YoY): +98.9%