{"id":73195,"date":"2021-09-23T05:00:32","date_gmt":"2021-09-23T12:00:32","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=73195"},"modified":"2021-09-22T16:50:47","modified_gmt":"2021-09-22T23:50:47","slug":"july-august-2021-housing-migration-trends","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/july-august-2021-housing-migration-trends\/","title":{"rendered":"Interest in Relocation Dips Slightly, With 30% of House Hunters Looking to Move to a Different Metro Area"},"content":{"rendered":"

That\u2019s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic. Worker turnover is one reason Americans continue to move at an elevated rate.<\/h2>\n

Nationwide, 30.1% of Redfin.com users looked to move to a different metropolitan area in July and August, down slightly from 31.1% in the second quarter but up from 28.7% during the same two-month period in 2020.<\/p>\n

\"\"<\/p>\n

Last month, we published a preliminary look<\/a> at third-quarter migration patterns, which showed that 29.8% of Redfin.com home searchers were looking to move to another metro in July. This report includes data from both July and August.<\/p>\n

The latest migration analysis is based on a sample of about 2.7 million Redfin.com users who searched for homes across 120 metro areas in July and August, excluding searches unlikely to precede an actual relocation or home purchase. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a particular metro area, and homes in that area must have made up at least 80% of the user\u2019s searches.<\/p>\n

The onset of the pandemic triggered a relocation boom among Americans, who took advantage of remote work and record-low mortgage rates. Scores of families left major cities in search of affordability and space. But while house hunters continue to relocate at a higher rate than they did early in the pandemic, migration has cooled this summer as life in the U.S. has returned, at least somewhat, to normal; cities are no longer under stay-at-home orders, businesses have reopened and kids are back in school.<\/p>\n

The slight dip in migration has coincided with a slowdown in the broader housing market: Homebuyer competition<\/a>, home-sales<\/a> growth and interest<\/a> in second homes, for example, are all on the decline. It\u2019s worth noting that the housing market typically slows at this time of year.<\/p>\n

\u201cWe\u2019re not seeing the level of movement we saw at the end of 2020 and the start of 2021, but a lot of people are still looking to move to new cities,\u201d said Redfin Lead Economist Taylor Marr<\/a>. \u201cWorker turnover is one reason interest in relocating remains high. Scores of Americans are quitting their jobs in search of better salaries, benefits and flexibility. Once they find their next gig, people are often able to move for affordability or a better lifestyle.\u201d<\/p>\n

About 64%<\/a> workers said they were looking for a new job as of the start of August, up from 36% in May, according to a survey from PricewaterhouseCoopers.<\/p>\n

Miami and Sacramento Are the Top Destinations for House Hunters Looking to Relocate<\/h3>\n

Miami<\/a>, Sacramento<\/a>, Phoenix<\/a>, Las Vegas<\/a> and Tampa<\/a> were the most popular migration destinations of any major U.S. metros in July and August, meaning they had the largest net inflows. A net inflow is a measure of how many more Redfin.com home searchers looked to move into a metro than leave.\u00a0<\/p>\n

Metros that are more affordable than major coastal cities like San Francisco<\/a> and New York<\/a>, and feature warmer weather, frequently make the list of top migration destinations. They\u2019ve become even more popular during the pandemic because homebuyers who work remotely have had the freedom to prioritize affordability and space over proximity to the office.<\/p>\n

\u201cThe influx of homebuyers into Las Vegas<\/a> eased a little in August, but appears to have picked back up in September,\u201d said local Redfin real estate agent Cheryl Van Elsis<\/a>. \u201cAugust seems to be a little slow every year because it\u2019s so scorching hot here. People are also heading out on vacation and families are preparing to send their kids back to school.\u201d<\/p>\n

Table: Top 10 Metros by Net Inflow of Users and Their Top Origins<\/h3>\n

\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Rank<\/b><\/th>Metro<\/b>*<\/b><\/th>Net Inflow, July-August 2021<\/b>\u2020<\/b><\/th>Net Inflow, July-August 2020<\/b><\/th>Portion of Searches from Users Outside the Metro, July-August 2021<\/b><\/th>Portion of Searches from Users Outside the Metro, July-August 2020<\/b><\/th>Top Origin<\/b><\/th>Top Out-of-State Origin<\/b><\/th>\n<\/tr>\n<\/thead>\n
1<\/td>Miami, FL<\/a><\/td>10,453<\/td>3,400<\/td>33.1%<\/td>26.0%<\/td>New York, NY<\/a><\/td>New York, NY<\/a><\/td>\n<\/tr>\n
2<\/td>Sacramento, CA<\/a><\/td>8,419<\/td>10,664<\/td>42.2%<\/td>50.4%<\/td>San Francisco, CA<\/a><\/td>Reno, NV<\/a><\/td>\n<\/tr>\n
3<\/td>Phoenix, AZ<\/a><\/td>8,336<\/td>7,006<\/td>35.3%<\/td>34.4%<\/td>Los Angeles, CA<\/a><\/td>Los Angeles, CA<\/a><\/td>\n<\/tr>\n
4<\/td>Las Vegas, NV<\/a><\/td>6,686<\/td>6,872<\/td>41.8%<\/td>48.6%<\/td>Los Angeles, CA<\/a><\/td>Los Angeles, CA<\/a><\/td>\n<\/tr>\n
5<\/td>Tampa, FL<\/a><\/td>6,254<\/td>4,095<\/td>46.9%<\/td>55.2%<\/td>Orlando, FL<\/a><\/td>Washington, DC<\/a><\/td>\n<\/tr>\n
6<\/td>San Antonio, TX<\/a><\/td>4,402<\/td>2,608<\/td>42.0%<\/td>42.7%<\/td>Houston, TX<\/a><\/td>Los Angeles, CA<\/a><\/td>\n<\/tr>\n
7<\/td>Cape Coral, FL<\/a><\/td>4,245<\/td>2,763<\/td>69.6%<\/td>75.6%<\/td>Chicago, IL<\/a><\/td>Chicago, IL<\/a><\/td>\n<\/tr>\n
8<\/td>Atlanta, GA<\/a><\/td>4,066<\/td>6,036<\/td>19.9%<\/td>25.8%<\/td>New York, NY<\/a><\/td>New York, NY<\/a><\/td>\n<\/tr>\n
9<\/td>Austin, TX<\/a><\/td>3,990<\/td>6,994<\/td>29.6%<\/td>37.8%<\/td>San Francisco, CA<\/a><\/td>San Francisco, CA<\/a><\/td>\n<\/tr>\n
10<\/td>North Port, FL<\/a><\/td>3,978<\/td>2,195<\/td>67.7%<\/td>77.4%<\/td>Chicago, IL<\/a><\/td>Chicago, IL<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n*Combined statistical areas with at least 500 users in July and August 2021<\/p>\n

\u2020Among the 2.7 million users sampled for this analysis only<\/em><\/p>\n

San Francisco and Los Angeles Are the Top Places Homebuyers Are Leaving Behind<\/h3>\n

San Francisco<\/a>, Los Angeles<\/a>, New York<\/a>, Washington, D.C.<\/a> and Boston<\/a> saw more Redfin.com users aim to leave than any other metro areas in July and August, meaning they had the biggest net outflows. A net outflow is a measure of how many more Redfin.com home searchers looked to leave a metro than move in.\u00a0<\/p>\n

Dense, pricey cities typically see the most residents depart\u2014a trend that has intensified during the pandemic as remote work has given more people the flexibility to leave expensive job centers for relatively affordable areas.\u00a0<\/p>\n

That said, four of the 10 top metros that people are leaving\u2014New York<\/a>, Chicago<\/a>, Denver<\/a> and Seattle<\/a>\u2014actually saw fewer people exit than a year earlier. For example, New York<\/a> saw a net outflow of 25,534 Redfin.com users in July and August, down from a net outflow of 40,049 during the same period in 2020.\u00a0<\/p>\n

Table: Top 10 Metros by Net Outflow of Users and Their Top Destinations<\/h3>\n

\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Rank<\/b><\/th>Metro<\/b>*<\/b><\/th>Net Outflow, July-August 2021<\/b>\u2020<\/b><\/th>Net Outflow, July-August 2020<\/b>\u2021<\/th>Portion of Local Users Searching Elsewhere, July-August 2021<\/b><\/th>Portion of Local Users Searching Elsewhere, July-August 2020<\/b><\/th>Top Destination<\/b><\/th>Top Out-of-State Destination<\/b><\/th>\n<\/tr>\n<\/thead>\n
1<\/td>San Francisco, CA<\/a><\/td>52,756<\/td>36,481<\/td>25.2%<\/td>24.2%<\/td>Sacramento, CA<\/a><\/td>Seattle, WA<\/a><\/td>\n<\/tr>\n
2<\/td>Los Angeles, CA<\/a><\/td>30,744<\/td>19,019<\/td>18.1%<\/td>16.9%<\/td>San Diego, CA<\/a><\/td>Phoenix, AZ<\/a><\/td>\n<\/tr>\n
3<\/td>New York, NY<\/a><\/td>25,534<\/td>40,049<\/td>27.3%<\/td>35.3%<\/td>Philadelphia, PA<\/a><\/td>Philadelphia, PA<\/a><\/td>\n<\/tr>\n
4<\/td>Washington, DC<\/a><\/td>16,383<\/td>12,518<\/td>15.1%<\/td>13.6%<\/td>Salisbury, MD<\/a><\/td>Salisbury, MD<\/a><\/td>\n<\/tr>\n
5<\/td>Boston, MA<\/a><\/td>9,176<\/td>-162<\/td>16.8%<\/td>12.1%<\/td>Portland, ME<\/a><\/td>Portland, ME<\/a><\/td>\n<\/tr>\n
6<\/td>Chicago, IL<\/a><\/td>5,127<\/td>5,535<\/td>12.2%<\/td>11.9%<\/td>South Bend, IN<\/td>South Bend, IN<\/td>\n<\/tr>\n
7<\/td>Denver, CO<\/a><\/td>4,698<\/td>5,337<\/td>27.1%<\/td>26.9%<\/td>Chicago, IL<\/a><\/td>Chicago, IL<\/a><\/td>\n<\/tr>\n
8<\/td>Seattle, WA<\/a><\/td>3,716<\/td>4,829<\/td>14.5%<\/td>14.1%<\/td>Phoenix, AZ<\/a><\/td>Phoenix, AZ<\/a><\/td>\n<\/tr>\n
9<\/td>Detroit, MI<\/a><\/td>3,315<\/td>791<\/td>28.2%<\/td>22.1%<\/td>Cleveland, OH<\/a><\/td>Cleveland, OH<\/a><\/td>\n<\/tr>\n
10<\/td>Albany, NY<\/a><\/td>2,046<\/td>-285<\/td>62.8%<\/td>36.4%<\/td>Boston, MA<\/a><\/td>Boston, MA<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n*Combined statistical areas with at least 500 users in July and August 2021<\/p>\n

\u2020Among the 2.7 million users sampled for this analysis only<\/p>\n

\u2021Negative values indicate a net inflow<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

That\u2019s down from a peak of 32% at the start of the year, but higher than the 26% level we saw early in the pandemic. Worker turnover is one reason Americans continue to move at an elevated rate. Nationwide, 30.1% of Redfin.com users looked to move to a different metropolitan area in July and August, […]<\/p>\n","protected":false},"author":13346,"featured_media":73197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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