slides: New England’s Hottest Real Estate Months

Monday, February 11, 2013

GoLocalProv Real Estate Team

New England may still be digging out from the Blizzard of '13, but all eyes are on spring--and that goes for house buyers as well. With the market's winter hibernation already ending, take a look at what months in each New England state are hottest when it comes to looking at houses online, based on data from Trulia (for a year-long interactive map, go here).

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.

For the latest listings right here in Rhode Island, go here.

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Rhode Island

February activity

In February, interest in RI properties is 0-5% above the annual average.

RI's hottest real estate months:

1. July

2. June

3. April

See this house online, here.

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Massachusetts

February activity

In February, interest in MA properties is 0-5% above the annual average.

MA's hottest real estate months:

1. March

2. April

3. July

See this house online, here.

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Connecticut

February activity

In February, interest in CT properties is 0-5% above the annual average.

CT's hottest real estate months:

1. April

2. March

3. June

See this house online, here.

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New Hampshire

February activity

In February, interest in NH properties is 0-5% below the annual average.

NH's hottest real estate months:

1. July

2. April

3. August

See this house online, here.

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Vermont

February activity

In February, interest in VT properties is 0-5% above the annual average.

VT's hottest real estate months:

1. July

2. August

3. January

See this house online, here.

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Maine

February activity

In February, interest in ME properties is 0-5% below the annual average.

ME's hottest real estate months:

1. July

2. August

3. June

See this house online, here.

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Methodology

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.

See this house online, here.

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Hottest Months

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.

Source: Trulia