The Detroit-Warren-Dearborn real estate market is the country’s fourth most popular for people who are looking online for their next home, according to a new report from California-based Realtor.com.
The new report uses Realtor.com online traffic data and views per property data to assess metro area popularity.
The metro Detroit area checked in with 1.3 percent traffic share and 1.2 views per property compared to the rest of the country.
“Detroit ranked fourth and is the largest market on our list, boasting a population of over 4 million people,” says Danielle Hale, chief economist at Realtor.com. “It offers affordability with a median listing price of $252,000 over the past year.”
Columbus, Ohio was first with a .9 percent traffic share and 2.4 views per property. Knoxville, Tenn. was second with .5 percent and 1.7 and the combined markets of Louisville, Ky. and Jefferson County, Ind. came in third with .5 percent and 1.5.
Pittsburgh; Portland-South Portland, Me.; Tampa-St. Petersburg-Clearwater; Charleston-North Charleston, S.C.; Hartford-East Hartford-Middletown, Conn.; and Asheville, N.C. round out the top 10.
“With a mix of affordability and growing inventory, these markets were sought out by online home shoppers, earning them a spot on our Most Popular Markets ranking,” Hale says. “What’s notable is that these 10 metros are large enough to attract those making the hard decision to move to a new area, but also still generally small and affordable enough to hold onto local home shoppers.
“With lower housing costs and more homes for sale, these second cities clustered in the South, Midwest, and Northeast, are likely to continue to attract movers from all over.”
To view the full report, visit here.
