{"id":73736,"date":"2022-01-25T05:00:06","date_gmt":"2022-01-25T13:00:06","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=73736"},"modified":"2022-01-24T14:36:55","modified_gmt":"2022-01-24T22:36:55","slug":"q4-2021-housing-migration-trends","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/q4-2021-housing-migration-trends\/","title":{"rendered":"The Share of Homebuyers Looking to Relocate Is Near Pandemic Peak"},"content":{"rendered":"

Nearly one-third of Redfin.com users looked to move away from their hometown in the fourth quarter, close to the record high set in the first quarter. Popular destinations include Miami and Phoenix.\u00a0<\/i><\/p>\n

Nationwide, 31.2% of Redfin.com users looked to move to a different metro in the fourth quarter of 2021, near the record high of 31.5% set in the first quarter. The share is up significantly from pre-pandemic levels, with 26.3% of Redfin.com users looking to relocate in the fourth quarter of 2019.<\/p>\n

Homebuyer interest in relocating to a new part of the country rose with the onset of the pandemic and has remained elevated for nearly two years. That\u2019s partly due to low mortgage rates and partly the surge in remote work that\u2019s allowing Americans to choose where they live based on things like affordability and weather rather than proximity to an office.<\/p>\n

\"\"<\/p>\n

The latest migration analysis is based on a sample of about 2 million Redfin.com users who searched for homes across 111 metro areas in the fourth quarter, 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. Redfin\u2019s migration data goes back to 2017.<\/p>\n

\u201cI\u2019ve seen a huge amount of people coming from the Bay Area, some to live permanently and some looking for investment properties,\u201d said Alison Williams<\/a>, a Redfin agent in Sacramento, one of the most popular migration destinations in the U.S. \u201cBuyers are trying to get their hands on a home before interest rates go up even more. Remote workers coming from the Bay Area all have the same dream: To find a bigger home for half as much, and with a much more comfortable lifestyle and more money in their pockets. For a lot of them, the dream is becoming a reality\u2013but at the same time, many locals are getting priced out of the market.\u201d<\/p>\n

Homebuyers are flocking to relatively affordable areas including Miami, Phoenix and Las Vegas<\/h4>\n

Miami, Phoenix, Las Vegas, Sacramento and Tampa were the most popular migration destinations of all the major U.S. metros in the fourth quarter. Popularity is determined by net inflow, a measure of how many more Redfin.com home searchers looked to move into a metro than leave.<\/p>\n

Sunny, relatively affordable metro areas are typically the most popular places for people who are relocating. Sunbelt metros like Phoenix and Las Vegas are perennially near the top of the list, and this is the second quarter in a row that Miami has taken the number-one spot.<\/p>\n

Homebuyers tend to move from expensive areas to more affordable places. New York ($640,000 median sale price) was the number-one origin for people moving to Miami ($440,000), while Los Angeles ($835,000) was the top origin for people moving to both Phoenix ($435,000) and Las Vegas ($339,000).<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Top 10 Metros by Net Inflow of Users and Their Top Origins<\/td>\n<\/tr>\n
Rank<\/td>\nMetro*<\/td>\nNet Inflow, Q4 2021\u2020<\/td>\nNet Inflow, Q4 2020<\/td>\nPortion of Searches from Users Outside the Metro, Q4 2021<\/td>\nPortion of Searches from Users Outside the Metro, Q4 2020<\/td>\nTop Origin<\/td>\nTop Out-of-State Origin<\/p>\n

 <\/td>\n<\/tr>\n

1<\/td>\nMiami, FL<\/td>\n11,931<\/td>\n4,204<\/td>\n32.6%<\/td>\n27.4%<\/td>\nNew York, NY<\/td>\nNew York, NY<\/td>\n<\/tr>\n
2<\/td>\nPhoenix, AZ<\/td>\n11,047<\/td>\n9,431<\/td>\n35.9%<\/td>\n36.4%<\/td>\nLos Angeles, CA<\/td>\nLos Angeles, CA<\/td>\n<\/tr>\n
3<\/td>\nLas Vegas, NV<\/td>\n8,031<\/td>\n9,495<\/td>\n42.7%<\/td>\n52.1%<\/td>\nLos Angeles, CA<\/td>\nLos Angeles, CA<\/td>\n<\/tr>\n
4<\/td>\nSacramento, CA<\/td>\n7,756<\/td>\n8,990<\/td>\n41.2%<\/td>\n49.0%<\/td>\nSan Francisco, CA<\/td>\nReno, NV<\/td>\n<\/tr>\n
5<\/td>\nTampa, FL<\/td>\n7,678<\/td>\n4,873<\/td>\n46.4%<\/td>\n56.7%<\/td>\nOrlando, FL<\/td>\nNew York, NY<\/td>\n<\/tr>\n
6<\/td>\nDallas, TX<\/td>\n6,363<\/td>\n7,891<\/td>\n25.6%<\/td>\n32.5%<\/td>\nLos Angeles, CA<\/td>\nLos Angeles, CA<\/td>\n<\/tr>\n
7<\/td>\nCape Coral, FL<\/td>\n5,526<\/td>\n4,199<\/td>\n66.8%<\/td>\n75.7%<\/td>\nChicago, IL<\/td>\nChicago, IL<\/td>\n<\/tr>\n
8<\/td>\nNorth Port, FL<\/td>\n5,362<\/td>\n2,946<\/td>\n65.2%<\/td>\n77.1%<\/td>\nChicago, IL<\/td>\nChicago, IL<\/td>\n<\/tr>\n
9<\/td>\nSan Antonio, TX<\/td>\n5,334<\/td>\n2,906<\/td>\n43.1%<\/td>\n44.9%<\/td>\nHouston, TX<\/td>\nLos Angeles, CA<\/td>\n<\/tr>\n
10<\/td>\nAtlanta, GA<\/td>\n4,921<\/td>\n7,794<\/td>\n20.0%<\/td>\n26.8%<\/td>\nNew York, NY<\/td>\nNew York, NY<\/p>\n

 <\/td>\n<\/tr>\n

*Combined statistical areas with at least 500 users in Q4 2021<\/p>\n

\u2020Negative values indicate a net outflow; among the two million users sampled for this analysis only<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

People are leaving big, expensive cities<\/h4>\n

San Francisco, Los Angeles, New York, Washington, D.C. and Seattle are the top metros homebuyers looked to leave in the fourth quarter. That\u2019s according to net outflow, a measure of how many more Redfin.com home searchers looked to leave a metro than move in.<\/p>\n

Major metropolitan job centers\u2013especially expensive ones\u2013tend to top the list of places Redfin.com users are looking to leave, and this quarter is no exception. But as remote work becomes more solidified for many workers, even more people are leaving San Francisco, Los Angeles, Washington, D.C. and Seattle than a year ago.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Top 10 Metros by Net Outflow of Users and Their Top Destinations<\/td>\n<\/tr>\n
Rank<\/td>\nMetro*<\/td>\nNet Outflow, Q4 2021\u2020<\/td>\nNet Outflow, Q4 2020<\/td>\nPortion of Local Users Searching Elsewhere, Q4 2021<\/td>\nPortion of Local Users Searching Elsewhere, Q4 2020<\/td>\nTop Destination<\/td>\nTop Out-of-State Destination<\/p>\n

 <\/td>\n<\/tr>\n

1<\/td>\nSan Francisco, CA<\/td>\n48,904<\/td>\n41,982<\/td>\n23.5%<\/td>\n25.1%<\/td>\nSacramento, CA<\/td>\nSeattle, WA<\/td>\n<\/tr>\n
2<\/td>\nLos Angeles, CA<\/td>\n39,586<\/td>\n24,220<\/td>\n19.4%<\/td>\n18.1%<\/td>\nSan Diego, CA<\/td>\nPhoenix, AZ<\/td>\n<\/tr>\n
3<\/td>\nNew York, NY<\/td>\n27,769<\/td>\n43,982<\/td>\n27.1%<\/td>\n35.4%<\/td>\nPhiladelphia, PA<\/td>\nPhiladelphia, PA<\/td>\n<\/tr>\n
4<\/td>\nWashington, DC<\/td>\n18,675<\/td>\n12,463<\/td>\n15.1%<\/td>\n13.3%<\/td>\nSalisbury, MD<\/td>\nSalisbury, MD<\/td>\n<\/tr>\n
5<\/td>\nSeattle, WA<\/td>\n16,632<\/td>\n3,171<\/td>\n17.0%<\/td>\n14.6%<\/td>\nPhoenix, AZ<\/td>\nPhoenix, AZ<\/td>\n<\/tr>\n
6<\/td>\nBoston, MA<\/td>\n9,980<\/td>\n1,376<\/td>\n16.6%<\/td>\n12.9%<\/td>\nPortland, ME<\/td>\nPortland, ME<\/td>\n<\/tr>\n
7<\/td>\nChicago, IL<\/td>\n7,033<\/td>\n6,642<\/td>\n12.8%<\/td>\n12.5%<\/td>\nCape Coral, FL<\/td>\nCape Coral, FL<\/td>\n<\/tr>\n
8<\/td>\nDenver, CO<\/td>\n3,275<\/td>\n6,022<\/td>\n26.1%<\/td>\n28.8%<\/td>\nChicago, IL<\/td>\nChicago, IL<\/td>\n<\/tr>\n
9<\/td>\nMinneapolis, MN<\/td>\n2,122<\/td>\n-906<\/td>\n23.4%<\/td>\n19.1%<\/td>\nChicago, IL<\/td>\nChicago, IL<\/td>\n<\/tr>\n
10<\/td>\nPortland, OR<\/td>\n1,668<\/td>\n-2,195<\/td>\n17.2%<\/td>\n16.4%<\/td>\nSeattle, WA<\/td>\nSeattle, WA<\/p>\n

 <\/td>\n<\/tr>\n

*Combined statistical areas with at least 500 users in Q4 2021<\/p>\n

\u2020Among the two million users sampled for this analysis only<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly one-third of Redfin.com users looked to move away from their hometown in the fourth quarter, close to the record high set in the first quarter. Popular destinations include Miami and Phoenix.\u00a0 Nationwide, 31.2% of Redfin.com users looked to move to a different metro in the fourth quarter of 2021, near the record high of […]<\/p>\n","protected":false},"author":13153,"featured_media":73739,"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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[42],"tags":[9,21],"coauthors":[124],"class_list":["post-73736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-migration","tag-coronavirus","tag-migration"],"acf":[],"yoast_head":"\nThe Share of Homebuyers Looking to Relocate Is Near Pandemic Peak<\/title>\n<meta name=\"description\" content=\"Nearly one-third of Redfin.com users looked to move away from their hometown in the fourth quarter, close to the record high set in the first quarter. 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