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Trulia Trends Report: March 2007

Mon, Mar 19, 2007

Trulia

March 2007 Trulia Trends reportToday we released our monthly Trulia Trends report (PDF), tracking national consumer search behavior and pricing trends data to deliver insights on how consumers use the Internet to buy and sell homes. Our “Spotlight on” feature highlights search behavior in Phoenix, Arizona—hottest neighborhoods include Central Phoenix and North Phoenix.

According to Trulia’s search data, consumers continue to search online for homes that are both “dreams and deals”. Of the top 10 most viewed homes on Trulia, the most popular was this three bedroom home in Rockingham, North Carolina at $18,590, also on the list was this Beverly Hills mansion listed at more than 1,300x that price at $24,950,000.

Read the complete report online here (PDF).

Additional report findings, by region:

  • The East dominated February’s hottest cities chart with Manhattan, Philadelphia, Brooklyn, Washington, DC, and Queens all making the top 10.
  • Southern cities Virginia Beach, VA, Memphis, TN and Charleston, SC were three of the five biggest winners in month-over-month median list prices increases.
  • Los Angeles experienced a 3.6% increase in median list price (month-over-month), while other cities in the western U.S., including Mesa, AZ and Colorado Springs, CO saw large increases in search queries.
  • The Midwest saw some volatility in their search queries with Minneapolis experiencing a 50% month-over-month increase, while both Naperville, IL and Cincinnati, OH were part of the top five “biggest losers” in terms of search queries.

Popularity: 2% [?]

This post was written by:

Heather, vp of marketing - who has written 49 posts on Trulia Blog - Real Estate Blog.


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4 Trackbacks For This Post

  1. ResourceShelf » Searching for Real Estate Online: Trulia Trends Report, March 2007 Says:

    [...] From the blog post: According to Trulia’s search data, consumers continue to search online for homes that are both “dreams and deals”. Of the top 10 most viewed homes on Trulia, the most popular was this three bedroom home in Rockingham, North Carolina at $18,590, also on the list was this Beverly Hills mansion listed at more than 1,300x that price at $24,950,000. [...]

  2. Phoenix Real Estate: Getting the Trulia Spotlight at The Phoenix Real Estate Guy Says:

    [...] Heather from Trulia gave me a heads up that the latest Trulia Trends Report has a spotlight on Phoenix real estate. [...]

  3. StevenGroves.com Says:

    Behold the power of social media…

    I enjoy a good stat as much as the next guy, maybe more - they can help close a deal, pique an interest and gather supporters. I remember a quote often attributed to Mark Twain (turns out it wasn’t him,

  4. Daily Links at Maury Properties - San Francisco Real Estate Says:

    [...] Trulia Blog » Trulia Trends Report: March 2007 Here’s a link to the latest Trulia Trends Report which lists San Francisco as the 2nd hottest market behind Manhattan. I can’t say this surprises me much. It does seem funny to see many of the same cities as mentioned in the “overvalued” articles though. (tags: realestate trulia)        [...]

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