ATTOM Data Solutions’ first-ever Pre-Mover Housing Index (PMHI) identified markets in Colorado, South Carolina and North Carolina as having the highest ratio of homes likely to sell within 30 days.
ATTOM uses data collected from loan applications and creates an index based on the ratio of homes with a “pre-mover” flag. An index above 100 indicates an above-average ratio of homes that will likely sell within 30 days of the estimated loan settlement date.
“The first quarter pre-mover data reinforces that homebuyers in 2017 are more likely to be moving to markets — or moving up within markets — that still have relatively affordable housing inventory along with access to jobs,” ATTOM Data Solutions Senior Vice President of Communications Daren Blomquist said in a release.
“The pre-mover data also shows a similar migration toward affordability at the county level within some higher-priced markets such as New York, Seattle and Southern California, where the highest pre-mover indices show up in counties that tended to be lower priced but further out from urban centers. One exception to that pattern was Washington, D.C., where the highest pre-mover indices for the first quarter tended to be in higher-priced counties,” Blomquist added.
Metropolitan areas with the highest pre-mover indexes during the first quarter of 2017 were Colorado Springs, Colo. (251); Charleston, S.C. (225); Raleigh, N.C. (225); Tampa-St. Petersburg, Fla. (209); and Washington, D.C. (209).
Metropolitan areas with the lowest pre-mover indexes during the first quarter of 2017 were San Francisco (22); Providence, R.I. (38); Hartford, Conn. (42); Boston (43); and Rochester, N.Y. (45).