RISMEDIA, March 20, 2007-According to Trulia's search data, consumers continue to search online for homes that are both "dreams and deals." Trulia.com released the findings of the March 2007 Trulia Trends report. The monthly Trulia Trends report tracks national consumer search behavior and pricing trends data to deliver insights on how consumers use the Internet to buy and sell homes.
Of the top 10 most viewed homes on Trulia, one of America's residential real estate search engines, the most popular was a three bedroom home in Rockingham, North Carolina at $18,590, also on the list was a Beverly Hills, California mansion listed at more than 1,300x that price at $24,950,000.
Additional report findings:
— The typical search: The representative U.S. home shopper on Trulia is
looking for a 1,935 square-foot single-family home with 3.2 bedrooms
and 2.2 baths at a cost of $473,493.
— 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.
For more information, visit http://www.trulia.com.
