Out-of-towners prefer upscale areasA new study1 offers an interesting peek into the search habits of today’s homebuyers. Take a look:
- In expensive metro areas‚ out-of-town buyers research more upscale zip codes while local buyers hunt for bargains.
- However‚ the opposite is the case in less expensive metros: locals aim for pricier areas; those searching from a distance look for low-cost options.
- Lexington appears to be bucking the national trend: the median home value is $1‚027‚500; 70% of online searches are by locals.
1Alexandra Lee‚ “Who’s searching for homes in your neighborhood: locals or out-of-towners?” Trulia‚ last updated February 28‚ 2019.