Top 10 out-of-state metros in 2Q
By Kerry Smith
One-in-four homebuyers (25.5%) searched for homes outside of their current state in the in Q2 2023, up from 23% one year earlier. Before the pandemic, it was 19%.
The total number of out-of-state-seeking buyers declined 7.5%, however the percentage grew because the number of people interested in in-state moves declined even more, down 18%.
Of the top 10 states eyed for residency, Florida metros made up 50% of the top 10 go-to state metros. Tampa ranked highest at No. 3, and Las Vegas moved into the top spot based largely on the number of Los Angeles residents looking for a new out-of-state city to call home.
1. Las Vegas: Net inflow 5,700. Top origin: Los Angeles
2. Phoenix: Net inflow 5,300. Top origin: Seattle
3. Tampa: Net inflow 5,000. Top origin: New York City
4. Orlando: Net inflow 4,900. Top origin: New York City
5. Sacramento, Calif. Net inflow 4,800. Top origin: Chicago
6. North Port-Sarasota: Net inflow 4,700. Top origin: New York City
7. Cape Coral: Net inflow 4,100. Top origin: Chicago
8. Dallas: Net inflow 4,100. Top origin: Los Angeles
9. Miami: Net inflow 3,700. Top origin: New York City
10. Houston: Net inflow 3,600. Top origin: New York City