The Top 10 Cities Attracting Out-of-Town Homebuyers Right Now.
-Source: Money
Homebuyers are feeling especially migratory right now. As folks jostle for the slim pickings available on the real estate market, lots of people are searching far from home.
A report out Wednesday from real estate company Redfin shows that a record number of potential homebuyers are looking to buy a new place outside of their current towns. And many of the most sought-after destinations are, unsurprisingly, sunny.
What the data says
Redfin's report covers the search results of 2 million users between May and July. It found that 25.8% of potential homebuyers are looking for houses in markets outside of their hometowns — a record-high since the company began charting this data in 2017.
Desired locales for these would-be homebuyers tend toward the warm and affordable, with most of the top metropolitan areas located in the southern or western United States.
Here's the list of the most popular cities for relocations right now:
1. Las Vegas, Nevada
2. Sacramento, California
3. Orlando, Florida
4. Tampa, Florida
4. North Port-Sarasota, Florida
6. Cape Coral, Florida
7. Dallas, Texas
7. Phoenix, Arizona
9. Myrtle Beach, South Carolina
10. Houston, Texas