Deep price declines have made metropolitan areas in the Sunshine State popular destinations for online house hunters looking to move to a different metro area, according to a quarterly report by real estate search and marketing company Trulia.
Trulia's Metro Movers Report is based on the ratio of inbound property searches onTrulia.com in a given metro area by out-of-area residents, compared to outbound searches by locals. The report examined searches on Trulia.com between Oct. 1, 2011, and Dec. 31, 2011, in U.S. metropolitan areas.
Trulia reported that more than 1 in 3 home searches on the site cross state lines. Seven of the top 10 metro areas where the ratio of inbound searches from out-of-area site visitors to outbound searches from locals was highest were in Florida. All but Riverside-San Bernardino-Ontario, Calif., were in the South.
Where demand among online house hunters is strongest
Rank | U.S. metropolitan area | # inbound searches per outbound search |
1 | Palm Bay-Melbourne-Titusville, Fla. | 8.8 |
2 | Lakeland-Winter Haven, Fla. | 7.6 |
3 | North Port-Bradenton-Sarasota, Fla. | 6.62 |
4 | Cape Coral-Fort Myers, Fla. | 2.59 |
5 | Tulsa, Okla. | 2.48 |
6 | West Palm Beach-Boca Raton-Boynton Beach, Fla. | 2.46 |
7 | Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla. | 2.44 |
8 | Riverside-San Bernardino-Ontario, Calif. | 2.43 |
9 | Charleston-North Charleston-Summerville, S.C. | 2.4 |
10 | Orlando-Kissimmee-Sanford, Fla. | 2.3 |
NOTE: The inbound-to-outbound ratio for a metro area divides the number of incoming property searches by out-of-towners, by the number of outgoing property searches by locals looking to leave. So a ratio of 2-to-1 means that there are twice as many searches by out-of-towners in a market than by locals in that market searching outside their market area.
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Call The Mary Neilson Team for all your Fort Myers, Cape Coral, Fort Myers Beach, Estero and Bonita Beach real estate needs. Foreclosure and short sale experienced.
Direct: 239-243-5989 Email: mary@maryneilson.com
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