The year 2020 brought on many moves across state lines for Americans. The company CoreLogic recently released their 2020 Hottest Cities for Homebuyers Report. Not surprisingly, The Sunshine State was well represented on this list. In fact, nearly half of the top metropolitan cities listed in the top 15 were in Florida. A total of 7 Florida cities comprised the top 15 list – 3 east coast FL cities; 3 west coast FL cities; 1 central FL city. Overall, the trend was for Americans to depart states with high housing prices and tax burdens in favor of lower-cost areas. The benefactors from this shift were states such as Florida, Texas, North Carolina, South Carolina, Georgia, & Tennessee.
15 metros with the highest 2020 inbound migration
- Riverside-San Bernardino-Ontario, CA
- Lakeland-Winter Haven, FL
- Myrtle Beach-Conway-North Myrtle Beach, S.C.-N.C.
- Las Vegas-Henderson-Paradise, NV
- Tampa-St. Petersburg-Clearwater, FL
- Port St. Lucie, FL
- Jacksonville, FL
- San Antonio-New Braunfels, Texas
- Deltona-Daytona Beach-Ormond Beach, FL
- Dallas-Fort Worth-Arlington, TX
- Stockton, CA
- Cape Coral-Fort Myers, FL
- Phoenix-Mesa-Chandler, AZ
- North Port-Sarasota-Bradenton, FL
- Greeley, CO
Top metros with the highest 2020 outbound migration
- New York-Newark-Jersey City, NY-NJ
- Los Angeles-Long Beach-Anaheim, CA
- San Francisco-Oakland-Berkeley, CA
Summary
The pandemic certainly created the perfect storm for Americans that were consistently employed and able to work remotely. Ultimately, this removed any borders on where they could relocate to. Needless to say, many of these wise Americans opted to move to paradise in South Florida! In turn, this created an even higher demand for housing in South Florida and the increased prices have reflected this.
Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. At Live South Florida Realty, Inc., we have been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!
