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Spokane, Washington might have seen the highest inbound traffic in Q3, but three Florida markets are among the top 1o markets to have the highest inbound-to-outbound ratio during the quarter according to Realtor.com's Q3 2018 Cross Market Demand Report.
The report provides insights on which housing markets receive the most non-local views where they come from, and also which non-local markets are of interest to local home shoppers based on online traffic on active, for-sale properties on Realtor.com
In the third quarter, the report found that Spokane, Washington with an inbound-to-outbound ratio of 3.2 saw the highest number of non-local people looking for residences in this area. Deltona-Daytona Beach, Florida with a ratio of 2.6, and Portland, Maine with a ratio of 2.5 were among the top three regions to see the highest inbound to outbound ratios.
Breaking up the number of views in each of these regions, the report revealed that views from other states in Spokane comprised 36.4 percent of total demand and there were 2.6 times more views coming in from out of state compared to those flowing to out of state metros. The vast majority of this demand came from the neighboring hot market of Seattle. "As rising home prices are pushing Seattle residents to look elsewhere, these home shoppers are contributing to 31.1 percent of domestic, external demand to Spokane and 78.3 percent of all Washington state demand to Spokane," the report said.
Looking at Florida, the report indicated that three Florida markets made it to the top 10 list of inbound traffic in the third quarter. Apart from Deltona-Daytona, the regions of Palm Bay and North Port-Sarasota were also on this list. "In all three Florida metros, views were driven by larger Florida metros. Orlando, Miami, and Tampa appeared in each metro’s top 5 viewed by list," the report said.
Other regions to make it to the Top 10 included Charleston-North Charleston, Sout Carolina; Boise City, Idaho; McAllen-Edinburg-Mission, Texas; El Paso, Texas; and Knoxville, Tennessee.
The report also looked at markets with a low inbound-outbound ratio, which means there were more people looking at moving out of the area than moving in. Some of the hottest housing markets in the country were in this list and included San Jose-Sunnyvale-Santa Clara, California; San Francisco-Oakland-Hayward, California; Chicago-Naperville-Elgin, in the Illinois-Indiana-Wisconsin region; Washington-Arlington-Alexandria, in the D.C., Virginia-Maryland-West Virginia region; and New York-Newark-Jersey City, in the New York-New Jersey-Pennsylvania region.
