According to ATTOM Data Solutions’ Q1 2018 Pre-Mover Housing Index, the highest pre-mover index score in the first quarter was in Nevada (200), indicating that a high percentage of homeowners would likely be moving in the second quarter.
Delaware (163), Florida (159), Colorado (154) and Virginia (149) rounded out the top five.
Using data collected from purchase loan applications on residential real estate transactions, the index is based on the ratio of homes with a “pre-mover” flag during a quarter to total single-family homes and condos in a given geography, indexed off the national average. An index 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.
Among 118 metropolitan statistical areas analyzed for the report, those 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, Fla. (201). Rounding out the top 10 metro areas with the highest pre-mover indices were Tampa-St. Petersburg, Fla. (200); Las Vegas (199); Charleston, S.C. (198); Nashville, Tenn. (185); and Jacksonville, Fla. (184).
Metropolitan statistical areas with the lowest pre-mover index were Cleveland (46); Rochester, N.Y. (48); Boston (49); Pittsburgh (51); and Providence, R.I (53).
Nationwide, 5.3% of all homes with a pre-mover flag in Q1 2018 were being purchased as an investment property, while 3.2% were being purchased as a second home.
