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Realtor.com traffic surges in July
LOS ANGELES – Aug. 28, 2008 – Is this the real estate turnaround?
On the heels of an increase in Florida home sales, a spike in new home sales and
an upswing in consumer confidence, traffic to Realtor.com went up significantly in
July with month-over-month increases in both traffic (29 percent) and time spent
on site (26 percent) on Realtor.com, the official consumer Web site of the
National Association of Realtors. Year-over-year page views on Realtor.com and
the Move Network increased by 22 percent and 11 percent, respectively, as
consumers spent more time searching properties in popular and unexpected metro
areas than they did this time last year.
Local markets in July experiencing the largest year-over-year percentage
increases in consumer searches on Realtor.com included Stockton-Lodi, Calif.
(140.9 percent), Las Vegas, Nev. (93.9 percent), Fort Myers-Cape Coral, Fla. (69.5
percent), Detroit, Mich. (51.8 percent) and Washington, DC-MD-VA-WV, VA
(49.1 percent). Click to: http://marketing.realtor.com/julysearch/ for the full list.
Lorna Borenstein, president of Move, Inc., the oversight company for Realtor.
com, says that year-over-year traffic on Realtor.com increased by 9.5 percent,
despite the fact that traffic within the real estate category declined by 1 percent,
and consumers spent 24.7 percent more time in July on Realtor.com than on the
next closest competitor.
Realtor.com currently offers potential home buyers access to over four million
property listings, as well as the most brokers and agents.
© 2008 FLORIDA ASSOCIATION OF REALTORS®