This statistic shows the share of searches for trade-up homes in selected cities in the United States in the first quarter 2018. In the first quarter of 2018, trade-up homes made up 34.6 percent of the home searches in Virginia Beach-Norfolk, Virginia, but only 23.2 percent in San Francisco, California.
Share of searches for trade-up homes in selected cities in the United States in Q1 2018
The source adds the following information: "listings and searches were assigned starter, trade-up, and premium price categories based on the price cutoffs for each metro area. We define the price cutoffs of each segment based on home value estimates of the entire housing stock, not listing price. For example, we estimate the value of each single-family home and condo and divide these estimates into three groups: the lower third we classify as starter homes, the middle third as trade-up homes, and the upper third as premium homes. We classify a listing as a starter home on the market if its listing price falls below the price cutoff between starter and trade-up homes."
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Trulia. (May 16, 2018). Share of searches for trade-up homes in selected cities in the United States in Q1 2018 [Graph]. In Statista. Retrieved September 26, 2024, from https://www.statista.com/statistics/948374/trade-up-home-searches-usa/
Trulia. "Share of searches for trade-up homes in selected cities in the United States in Q1 2018." Chart. May 16, 2018. Statista. Accessed September 26, 2024. https://www.statista.com/statistics/948374/trade-up-home-searches-usa/
Trulia. (2018). Share of searches for trade-up homes in selected cities in the United States in Q1 2018. Statista. Statista Inc.. Accessed: September 26, 2024. https://www.statista.com/statistics/948374/trade-up-home-searches-usa/
Trulia. "Share of Searches for Trade-up Homes in Selected Cities in The United States in Q1 2018." Statista, Statista Inc., 16 May 2018, https://www.statista.com/statistics/948374/trade-up-home-searches-usa/
Trulia, Share of searches for trade-up homes in selected cities in the United States in Q1 2018 Statista, https://www.statista.com/statistics/948374/trade-up-home-searches-usa/ (last visited September 26, 2024)
Share of searches for trade-up homes in selected cities in the United States in Q1 2018 [Graph], Trulia, May 16, 2018. [Online]. Available: https://www.statista.com/statistics/948374/trade-up-home-searches-usa/