slides: New England’s Hottest Real Estate Months
Monday, February 11, 2013
Check out how each state rates in terms of online searching interest for the current month of February, as well as its 3 hottest months of the year.
Even in what might be considered homogenous New England, local housing markets have their rhythms. Trulia looked at 6 years of search history on the site – Jan 2007 to Dec 2012 – for properties in every state. (This is based on the state where the property is located, which is not necessarily where the person searching is located.)
To account for traffic growth over these years, they used a seasonal adjustment model to strip out the upward trend and uncover the regular seasonal rhythms of search behavior across the country.
According to Trulia's Jed Kolko, even though the two earliest states to peak each year–Florida and Hawaii–are warm, southerly states, and the last two states are northerly Montana and Oregon, home searches generally peak later in the South than in the Northeast, Midwest, and Plains. A truism that leads the rest of the trends, according to Kolko: warm weather is good for search traffic, but dry weather helps, too. Here's Trulia's map of the US, with peak months coded by color.
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