Homes.com Quarterly “State of the Housing Market” Report
With more than 69 million home searches on our site in the first quarter, Homes.com, is excited to release our quarterly report on the current state of the housing market based on our data and search trends on our site.
This report, an industry standard for obtaining a pulse on the market, indicates a promising outlook in the housing market. Several of America’s largest and favorite cities lead the pack of top places searched for by those looking to purchase a home.
The top ten cities, determined by the number of unique searches on our site, include:
The data reveals southern housing markets are still relevant and desirable, with Florida markets – Orlando, Tampa, Miami and Jacksonville – taking four of the top ten spots. Houston, Atlanta and Charlotte are among other cities in the top ten, confirming the trend that houses in southern states are in high demand, partially due to more affordable market rates and a lower overall cost of living.
With more than 258,000 unique searches, Orlando was the top city searched for home purchases. With its gated communities and golf courses, Orlando’s Eastwood neighborhood was the city’s top searched area. Orlando, long touted as a popular tourist destination, is fast becoming known for its lower housing market rates and abundance of planned communities.
Not too far behind Orlando, Las Vegas, the second most searched city for homes to buy, was searched by more than 245,000 visitors. The legendary nightlife in Las Vegas seems worlds away in the quiet neighborhood of Villa Sedona, the second most searched neighborhood on the report. Villa Sedona, just outside of Las Vegas touts beautiful scenery and spacious homes, all within close proximity to America’s favorite adult playground.
This report is an indicator that the housing market is making a comeback and is likely to continue improving throughout the remainder of 2012 and beyond. Do you agree? See what areas local real estate professionals think will recover first.