For the first time, real estate search site Realtor.com has released released traffic data for the month of January.
According to UPI.com, median prices of the sites 2.8 million listings were at $199,000, a 0.5 percent decrease from last year. Compared to median prices from January 2010, the Fort Lauderdale market showed the greatest improvement, with an 18.38 percent increase. Next was Fort Collins-Loveland, Colo. (5.57 percent); Columbia, Mo. (5.07 percent); Fort Wayne, Ind. (4.77 percent); Savannah, Ga. (4.18 percent); and Tyler, Texas (3.94 percent).
Chicago was the No. 1 most-searched market, followed by Detroit, Mich.; Los Angeles-Long Beach, Calif.; Phoenix-Mesa, Ariz.; Las Vegas, Nev.; Dallas, Texas; Tampa-St. Petersburg, Clearwater, Fla.; Atlanta, Ga.; Orlando, Fla.; and Philadelphia, Pa.-N.J.
UPI says inventories rose compared to last year, a result of the flood of distressed sales and foreclosures on the market.