Top 10 real estate markets by share of new-home sales

CoreLogic: 9 out of 10 metros are in the South

Editor’s note: In compiling the “10 Best Markets for Real Estate Investors” report, Inman News reached out to a range of data providers and online real estate sites that supplied statistics and charts to identify real estate markets that may be well-suited for investors. The following chart and accompanying methodology were provided by real estate information and analytics company CoreLogic.

Top 10 Markets for New-home Sales Share (2010)
Metropolitan Statistical Area	New-home Sales	Total Sales Total	New-home Sale Share
El Paso, Texas	2,425	9,701	25.0%
Raleigh-Cary, N.C.	3,580	16,975	21.1%
San Antonio-New Braunfels, Texas	6,891	35,407	19.5%
Charlotte-Gastonia-Rock Hill, N.C.-S.C.	3,860	20,512	18.8%
Austin-Round Rock-San Marcos, Texas	5,831	32,088	18.2%
Jacksonville, Fla.	3,909	22,749	17.2%
Des Moines-West Des Moines, Iowa	1,446	9,154	15.8%
Charleston-North Charleston-Summerville, S.C.	1,464	9,622	15.2%
Oklahoma City, Okla.	3,019	21,017	14.4%
Nashville-Davidson-Murfreesboro-Franklin, Tenn.	3,380	25,342	13.3%

Source: CoreLogic.

Methodology:

CoreLogic sorted the markets with the highest share of new-home sales. The analysis was performed on 2010 annual data for the top 100 markets with the most sales.

It’s very well-known that there are a lot of distressed markets and which markets they are. There is much less information on which markets are doing well. But instead of choosing performance, CoreLogic chose new-home sales, because if a market is near the top for new sales share then it’s most likely doing relatively well.

As you can see from the list, it’s middle-tier or large cities in the South that missed the boom and bust and are doing fine. The only exception is Jacksonville, Fla. — CoreLogic found some articles showing the new sales market there doing well. It might reflect a large influx of people coming into the city, which definitely had been the case prior to 2008.

Source: CoreLogic.

Read the full report: “10 Best Markets for Real Estate Investors.”