More than Two-Thirds of New-Home Listing Views Came from Outside Their Metro Area
Dow Jones
Aug 26
1046 ET - More than two-thirds--67.2%--of views to new-construction listings in 2Q came from shoppers located in a different metro area than the home for sale, according to Realtor.com. That share exceeds the 65.4% of views to existing-home listings coming from outside the listing metro, underscoring the outsized role of long-distance shoppers in new-home demand. The strongest cross-metro interest is concentrated in Southern markets where new construction is often priced at or below the national median. Lakeland-Winter Haven, Florida led the country, with 83.1% of views to new-construction listings originating outside the metro area.
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