CAMPBELL, Calif., Jan. 11, 2011 /PRNewswire/ -- While many real
estate markets in 2010 experienced extraordinary highs and lows in
response to tax credits, low interest rates and price swings,
consumer interest in real estate remained consistent. Las
Vegas and Los Angeles came in as
the first and second most searched markets every month in 2010,
while Orlando, San Antonio and Miami vied as the third, fourth and fifth most
searched cities respectively. Phoenix, San Diego, Austin, Tampa
and Chicago, in that order, held
the sixth through tenth positions as the most searched markets in
2010.
The top ten most searched real estate markets in 2010 were
established based on the number of visitors that viewed properties
in each Metro Service Area (MSA) in the
United States from January
2010 to December 2010 on
Realtor.com, the #1 homes for sale website operated by Move, Inc.,
(Nasdaq: MOVE), the leader in online real estate. Realtor.com was
the number one most visited real estate website in 2010 in the
online real estate website category(i).
In early 2010, home sales and prices rose throughout the country
faster than they had for several years. This was largely in
response to the Federal home buyer tax credit for first-time and
repeat buyers. After the Federal home buyer tax credit
expired at the end of April 2010,
sales slowed throughout the country in summer and fall 2010(ii) --
even though mortgage rates remained low, and dropped below 4
percent in the fall. List prices(iii) and actual sale
prices(iv) continued to fluctuate in response to sales,
foreclosure, and other trends throughout 2010.
Despite changing market conditions in 2010, the nation's most
searched destinations remained remarkably consistent, focusing on
the sunshine states of California,
Nevada, Florida, Texas and Arizona.
"Online search is a critical measure of interest in real estate,
especially now that more than 90 percent of buyers search for their
homes online(v)," said Realtor.com President, Errol Samuelson. "As the number one homes for
sale website, searches on Realtor.com show us where the highest
potential for activity is across the country. Changing
conditions throughout 2010 in the sunshine states resulting from
foreclosures, the tax credit, interest rates and other factors
created more interest in real estate compared to other states that
we hope leads to increased activity and sales in 2011."
Rounding out the list of the most searched real estate markets
in 2010 on Realtor.com, the top 10 most searched real estate
markets in the United States in
2010 each month were:
Rank
|
Jan
|
Feb
|
Mar
|
Apr
|
May
|
Jun
|
|
1
|
Las Vegas
|
Las Vegas
|
Las Vegas
|
Las Vegas
|
Las Vegas
|
Las Vegas
|
|
2
|
Los Angeles
|
Los Angeles
|
Los Angeles
|
Los Angeles
|
Los Angeles
|
Los Angeles
|
|
3
|
Orlando
|
Orlando
|
San Antonio
|
San Antonio
|
Orlando
|
San Antonio
|
|
4
|
San Antonio
|
San Antonio
|
Orlando
|
Orlando
|
San Antonio
|
Orlando
|
|
5
|
Phoenix
|
Phoenix
|
Phoenix
|
Phoenix
|
Miami
|
Miami
|
|
6
|
Miami
|
Miami
|
Miami
|
Paradise Valley
|
Phoenix
|
San Diego
|
|
7
|
San Diego
|
San Diego
|
Chicago
|
Miami
|
San Diego
|
Phoenix
|
|
8
|
Tampa
|
Tampa
|
San Diego
|
San Diego
|
Austin
|
Austin
|
|
9
|
Chicago
|
Chicago
|
Tampa
|
Chicago
|
Chicago
|
Fort Worth
|
|
10
|
Fort Worth
|
Fort Worth
|
Fort Worth
|
Fort Worth
|
Beverly Hills
|
Chicago
|
|
|
|
|
|
|
|
|
Rank
|
Jul
|
Aug
|
Sep
|
Oct
|
Nov
|
Dec
|
|
1
|
Los Angeles
|
Las Vegas
|
Las Vegas
|
Las Vegas
|
Los Angeles
|
Las Vegas
|
|
2
|
Las Vegas
|
Los Angeles
|
Los Angeles
|
Los Angeles
|
Las Vegas
|
Los Angeles
|
|
3
|
Miami
|
Orlando
|
Orlando
|
Miami
|
Orlando
|
Orlando
|
|
4
|
San Antonio
|
Miami
|
San Antonio
|
Austin
|
San Antonio
|
Phoenix
|
|
5
|
Orlando
|
San Antonio
|
Miami
|
Beverly Hills
|
Miami
|
San Antonio
|
|
6
|
Phoenix
|
Austin
|
Phoenix
|
Orlando
|
Phoenix
|
Miami
|
|
7
|
Atlanta
|
Phoenix
|
Beverly Hills
|
San Antonio
|
Atlanta
|
Tampa
|
|
8
|
San Diego
|
San Diego
|
San Diego
|
Phoenix
|
Tampa
|
Atlanta
|
|
9
|
Austin
|
Chicago
|
Chicago
|
Chicago
|
Chicago
|
San Diego
|
|
10
|
Chicago
|
Tampa
|
Henderson
|
Henderson
|
Austin
|
Austin
|
|
|
|
|
|
|
|
|
Each month, Realtor.com displays for sale and for rent
properties fed to it from more than 933 multiple listing services
(MLSs) across the country. Properties listed on Realtor.com
include single family homes, condos, townhomes, co-ops, mobile and
manufactured homes, multi-family homes, farms and undeveloped land.
Approximately 75 percent of all property listings on
Realtor.com are updated every 15 minutes to provide consumers with
the most up to date information on price changes, property status
changes, sold price information and more. The remaining
properties are updated every six to 24 hours.
ABOUT MOVE, INC.
Move, Inc. (Nasdaq: MOVE) is the leader in online real estate
with 12.1(vi) million monthly visitors to its online network of web
sites. Move, Inc. operates: Move.com, a leading destination for
information on new homes and rental listings, moving, home and
garden and home finance; Realtor.com(R), the official web site of
the National Association of Realtors(R); Moving.com;
SeniorHousingNet; Top Producer Systems, and ListHub. Move, Inc. is
based in Campbell, California.
ABOUT REALTOR.COM®
Realtor.com®, where the world shops for real estate
online, is operated by Move, Inc., (NASDAQ:MOVE) and is the
official web site of the National Association of Realtors®.
Ranked as the #1 homes-for-sale site, Realtor.com® currently
offers potential home buyers access to over four million property
listings, as well as the most brokers and agents. It also provides
Realtors® and the home sellers they represent with the
Internet's largest real estate marketplace, reaching more than
10.44 million consumers in December
2010. Agents and companies have the power to customize
Realtor.com® resources to maximize their brand and
productivity.
This press release may contain forward-looking statements,
including information about management's view of Move's future
expectations, plans and prospects, within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks,
uncertainties and other factors which may cause the results of
Move, its subsidiaries, divisions and concepts to be materially
different than those expressed or implied in such statements. These
risk factors and others are included from time to time in documents
Move files with the Securities and Exchange Commission, including
but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other
unknown or unpredictable factors also could have material adverse
effects on Move's future results. The forward-looking statements
included in this press release are made only as of the date hereof.
Move cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place
undue reliance on these forward-looking statements. Finally, Move
expressly disclaims any intent or obligation to update any
forward-looking statements to reflect subsequent events or
circumstances.
(i) comScore Media Metrix, Key Measures Report, 2010
(ii) Existing Homes Sales NAR, Case Shiller Home Price Index
(iii) Move, Inc., List Price Data
(iv) NAR Existing Sales 11/2010, Case Shiller Q3 Home Price
Index 11/2010, Altos Research – Chart of the Day 12/30/10
(v) NAR 2010 Profile of Home Buyers and Sellers
(vi) comScore Media Metrix, December
2010
SOURCE Move, Inc.