To say that we saw a lot of movement in the real estate market during 2020 would be an understatement. With a focus on additional space for home office, home gyms, and social distancing in general, we saw an increased demand for single-family homes in suburban areas and even some migration to other states altogether. Recently, a relocation services provider called Updater provided a report highlighting where Americans were migrating to.
Not surprisingly, 17 of the top 20 cities that Americans relocated to were warm climate destinations. Updater analyzed a random sampling of 1.5 million household moves across the United States that took place from January through November 2020. It found that Americans departed the largest, most densely populated cities in the United States and took to smaller cities. Southern states that had been attractive destinations for years, spiked during the pandemic.
Destination: The Sunshine State
Florida dominated the top 20 list of destinations with 5 cities representing The Sunshine State. The Florida cities to make the top 20 were:
- Tallahassee (#3)
- West Palm Beach (#11)
- Tampa (#15)
- Orlando (#16)
- Fort Myers (#20)
Summary
With approximately 1,000 people moving to Florida each day, these results are not surprising. In South Florida, we expect to see continued increased demand for real estate during 2021. Whether it is the tropical climates, beautiful beaches, or tax-friendliness, many Americans agree that a relocation to Florida is a great idea. Are you looking to relocate to South Florida? We can help! Contact Live South Florida Realty, Inc. today!
