Aug 29 2008 Traffic Surges in July

Which Way Is The Market Headed? Have we reached the bottom of the market yet? This article from the Florida Association of Realtors caught my attention today.

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 went up significantly in July with month-over-month increases in both traffic (29 percent) and time spent on site (26 percent) on, the official consumer Web site of the National Association of Realtors. Year-over-year page views on 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 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).

Lorna Borenstein, president of Move, Inc., the oversight company for, says that year-over-year traffic on 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 than on the next closest competitor. currently offers potential home buyers access to over four million property listings, as well as the most brokers and agents.


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