Trulia Trends report: April 2007
Today we released the findings of our April 2007 Trulia Trends report (PDF), which tracks national price trends and search behavior on Trulia.com to deliver insights on how consumers use the Internet to search for homes.
This month’s “Spotlight On” feature highlights America’s Second City, Chicago, IL, which emerged as the second most popular city in the U.S. among those searching for homes on Trulia.
Chicago bounds up from its sixth place position last month, proving that, along with ardent Cubs fans, the spring thaw also brings out people searching for new homes. Month-over-month search queries for homes in Chicago jumped a whopping 81%. Chicago follows behind perennial real estate search favorite, Manhattan, NY; neighboring borough Queens, NY was bumped by newcomer Austin, TX from the top 10 list this month.
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Looking nationwide, two Texas cities, League City and Cypress, were the two biggest gainers in median list price from February to March, with 10% and 6.7% gains respectively.
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Cities in the southern and southeastern U.S. suffered the biggest declines in median home prices in March, including Vero Beach, FL, with a 6.7% drop and beleaguered New Orleans, LA, which sank 7.6%.
Focus on Chicago
In March, more home buyers searched for homes with lake views, putting Rogers Park, Edgewater, Uptown, Lakeview, Lincoln Park, and Near North Side at the top of the most-searched neighborhoods list.
The Windy City’s hottest properties ran the gamut from this $250,000 condo in artsy Bucktown to an apartment that cost 37X that amount in the Near North Side. This $9.2 million apartment sits on East Lake Shore Drive—the same stretch that Oprah calls home—complete with resplendent views of Lake Michigan.
Get the April 2007 Trulia Trends report here (PDF).
Get the press release here (PDF).
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shaun mclane said,
April 30, 2007 @ 4:54 am
Nice to see FL with representation. Sadly, it’s Jacksonville. Jacksonville is such a big place (lived there for 4 years), and you can still get a house for a decent price. Plus, it’s a good business hub. They just need to add more to do there than going to work.
Heather said,
April 30, 2007 @ 3:02 pm
Hi Shaun, Interestingly Jacksonville has been on the top 10 hottest list since our first Trulia Trends report launched in January. Unfortunately…a more diverse group of FL cities are showing up on the monthly Movers and Shakers list under biggest price drops.
lisa boyle free said,
February 1, 2008 @ 10:04 am
lisa boyle free
Thanks for the nice read, keep up the interesting posts..