SANTA CLARA, Calif./ Jan. 29, 2018 (STLRealEstate.News) — Realtor.com® today announced its prediction for a sixth NFL championship for the New England Patriots in Super Bowl LII. Its pick of the Patriots over the Philadelphia Eagles isn’t based on defensive schemes or quarterback matchups, but rather a comparison of the strength of each team’s respective housing markets.
“Although there is no correlation between football and real estate, we made our pick based on what we know best – the housing market,” said Nate Johnson, chief marketing officer for realtor.com®. “With strong home prices and fast days on market, there’s no question that Boston currently has a more dynamic housing market, which in our minds make it the clear pick for the upcoming game.”
Both Philadelphia and Boston had strong real estate seasons this year, generating first- down payments and new home turf for thousands of buyers. But Boston showed more potent price yardage overall, with listing prices driving up 8 percent year over year, compared with Philadelphia’s 6 percent gains. Boston also showed a faster running game with for sale inventory reaching the end zone and selling in 48 days versus 70 days in Philadelphia. When it comes to inventory declines, Boston dominated with inventory down 18 percent year over year, compared to Philadelphia’s 15 percent decline.
Realtor.com® made its pick based on a comparison of listing prices, days on market, and inventory from March 2017 through January 2018 for the Philadelphia and Boston metros.
Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.