RISMEDIA, April 27, 2007-Trulia.com, the national residential real estate search engine, released the findings of the April 2007 Trulia Trends report. The report tracks national price trends and search behavior on Trulia.com to deliver insights on how consumers use the Internet to search for homes.
The Trulia Trends report "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, with a whopping 81% month- over-month increase in search queries. 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. Chicago follows behind perennial real estate search favorite, Manhattan, NY. Rounding out the top five hottest cities on Trulia.com are Philadelphia, PA, San Francisco, CA and Brooklyn, NY.
Looking nationwide, according to Trulia data, 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. Other cities with climbing median list prices include Albuquerque, NM, with a 5.5% gain, Charlotte, NC, up 4.8%, and Scottsdale, AZ, which rose 3.7%.
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%.
For more information, http://www.trulia.com.
