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SEATTLE, Feb. 25, 2021 /PRNewswire/ (NASDAQ: RDFN) Nationwide, 30.7% of Redfin.com users looked to move to a different metro in January, according to a new
www.redfin.com), the technology-powered real estate brokerage. That s up from 25.9% during the same time period last year and the highest share since Redfin started tracking migration in 2017. The increase is driven by buyers leaving pricey coastal areas like the Bay Area and Los Angeles in favor of relatively affordable places like Boise, ID and Bend, OR.
The latest migration analysis is based on a sample of more than 2 million Redfin.com users who searched for homes across 87 metro areas in January, excluding searches unlikely to precede an actual relocation or home purchase. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a particular metro area, and homes in that area must make up at least 80% of the user s searches.
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