On ATTOM’s newly-released Pre-Mover Housing Index, which used first quarter data to be predictive of a high percentage of homeowners moving in the second quarter, Nevada scored highest with a 200 rating, followed by Delaware (163), Florida (159), Colorado (154) and Virginia (149). Among the 118 metro areas analyzed for the report, those with the highest pre-mover index were Colorado Springs (280), New Hampshire’s Manchester-Nashua market (213), El Paso, Texas (213), Washington, D.C. (208) and Orlando (201). 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.
“The pre-mover index provides insight into which markets are poised to see a high percentage of homeowners moving this spring and which markets are likely to see a high percentage of homeowners staying put,” said Daren Blomquist, Senior Vice President at ATTOM Data Solutions. “Markets with a high pre-mover index tend to be in areas where homes are still somewhat reasonably priced and have a growing job market, allowing for greater upward mobility. Markets with a low pre-mover index tend to be in areas with a struggling job market or with home prices that are out of reach for the average wage earner.”