Homeowners in Nevada, Delaware, Florida, Colorado and Virginia are the most likely to move during this year’s second quarter, according to ATTOM Data Solutions’ Q1 2018 Pre-Mover Housing Index.
The index uses data collected from purchase loan applications on residential real estate transactions. An index score above 100 is above the national average and indicates an above-average ratio of homes that will likely be sold in the next 90 days in a given market.
According to ATTOM, the metropolitan areas with the highest pre-mover index were Colorado Springs, Colo. (280); Manchester-Nashua, N.H. (213); El Paso, Texas (213); Washington, D.C. (208); and Orlando.
“The pre-mover index provides insight into which markets are poised to see a high percentage of homeowners moving this spring and which markets are likely to see a high percentage of homeowners staying put,” ATTOM Senior Vice President Daren Blomquist said in a release. “Markets with a high pre-mover index tend to be in areas where homes are still somewhat reasonably priced and have a growing job market, allowing for greater upward mobility. Markets with a low pre-mover index tend to be in areas with a struggling job market or with home prices that are out of reach for the average wage earner.”
The metropolitan areas with the lowest pre-mover index were Cleveland, (46); Rochester, N.Y. (48); Boston (49); Pittsburgh (51); and Providence, R.I. (53).