SAN FRANCISCO, April 26, 2007–Trulia.com, the national residential real estate search engine, today released the findings of the April 2007 Trulia Trends report. The report tracks at national price trends and search behavior on Trulia.com to deliver insights on how consumers use the Internet to search for homes.
Read the complete report online at: http://www.trulia.com/resources/Trulia_Trends_Report-April_2007.pdf
The Trulia Trends report “Spotlight On” feature highlights America’s SecondCity, 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 percent.
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 percent.
About Trulia
Trulia, Inc. (www.trulia.com), a residential real estate search engine, has revolutionized online home search by offering a rich, intuitive user experience that points consumers directly to listings on agent and broker Web sites. By partnering with the real estate industry, Trulia helps consumers find information on homes for sale using custom search criteria such as price and number of bedrooms to market trends and neighborhood data at the hyper-local level. Founded in San Francisco in 2005 by Pete Flint and Sami Inkinen, Trulia is live across the U.S. For more information, go to www.trulia.com
