Nearly 25% of the property search queries on online real estate brokerage Redfin.com are for cities where the person doesn’t live, according to the company’s most recent data. That’s up roughly 10% from five years ago.
Out of 100 metro areas examined during the three months ended in October, the following 10 cities had the highest net inflow of property searches on Redfin’s website. Net inflow is the number of people looking to move into a city minus the number of people looking to leave.
- Sacramento, California: 7,800
- Las Vegas: 7,100
- Miami: 6,700
- San Diego: 6,500
- Tampa, Florida: 5,600
- Phoenix: 4,700
- Cape Coral, Florida: 4,600
- North Port-Sarasota, Florida: 4,300
- Dallas: 3,800
- Orlando, Florida: 3,700
By far the most popular relocation choices are in Sun Belt states in the Southwest and Southeast, with half of the top destinations in Florida.
And the majority of those looking to relocate are from large cities, especially San Francisco, Los Angeles, New York, Washington, D.C., and Boston. The following cities had the largest outflow of property searches, according to […]