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Today, we are launching our first Trulia Trends report - a monthly look at how people are shopping for homes online.

Why’d we do it?

People have been buying homes for centuries, traditionally relying on many sources–including professional counsel, historical sales and pricing information–to understand local real estate trends. With the Internet, they can now also get a real time view point of consumer interest, before the real estate transaction occurs. While we’ve only scratched the surface, we believe this will help both consumers and real estate professionals stay ahead of their local market, and stay abreast of what’s happening across the country.

In the report, we’ve culled data from user searches for the month of December across 15 major cities in the U.S. A few things that surprised us:

• Our 10 most popular properties were evenly split into two categories: the bargain home in a hot market or high-end property listings that ranged from $1.25mm to $25.9mm
• Real estate consumers in some cities—like Boston, Seattle and San Francisco—may be interested in moving out of state, while consumers in cities like Phoenix, Charlotte and Milwaukee prefer to keep it local
• Up-and-coming neighbhorhoods were as popular as long established neighborhoods in many cities

We’ll be releasing this data on a monthly basis, so if there is anything that you think should be included, let us know. Thanks to Jonathan Miller at The Matrix for his help creating this report.

View the full report for yourself here. And the press release here.

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