A record number of Americans have ants in their pants.
During the second quarter, 25.5% of all homebuyers were looking to move from their current home to a different metro area, according to a new Redfin analysis.
That is a record high percentage and is up from 23% a year ago and 19% prior to the pandemic.
A large share of these folks have their eye on the Sunshine State. Half of the top 10 most popular destinations for relocating homebuyers are in Florida.
However, the No. 1 and No. 2 cities are in other warm and sunny states, as you will see in the following list.
1. Las Vegas
Net inflow of homebuyers to this metropolitan area: 5,700 in the second quarter
Top metro from which homebuyers are moving to this metro: Los Angeles
Redfin notes that Las Vegas draws new residents because the median home price — $412,000 — is relatively affordable.
For example, Los Angeles is sending more new residents to Las Vegas than any other metro. Homes in the City of Angels cost double the amount of those in Sin City.
2. Phoenix
Net inflow of homebuyers to this metropolitan area: 5,300 in the second quarter
Top metro from which homebuyers are moving to this metro: Seattle
Phoenix not only is more affordable than cities like Seattle, but the Arizona’s capital is also one of the “10 U.S. Cities With the Most Vacant Land Available.”
3. Tampa
Net inflow of homebuyers to this metropolitan area: 5,000 in the second quarter
Top metro from which homebuyers are moving to this metro: New York City
Florida is probably the trendiest state for relocating homebuyers in the U.S., and Tampa leads the way. The metro on Florida’s Gulf Coast is also one of the “15 U.S. Cities Where Millennials Are Buying the Most Expensive Homes.”
The rest of the top 10
Here are the rest of the top 10 most popular metro areas for relocating homebuyers, and the top source of new residents in those cities:
- Orlando, Florida (New York City)
- Sacramento, California (San Francisco)
- North Port-Sarasota, Florida (New York City)
- Cape Coral, Florida (Chicago)
- Dallas (Los Angeles)
- Miami (New York City)
- Houston (New York City)
