Real Estate Market May 23, 2023

US Migration Trends

While our focus is in HI, tracking national trends can be helpful in understanding US real estate from a macro level.

Per Redfin’s research:

“Nationwide, 25% of homebuyers searched to move to a different metro area between Feb ’23 – Apr ’23. The top 5 states homebuyers searched to move to were Florida, Texas, Arizona, South Carolina, and Tennessee while California, New York, District Of Columbia, Massachusetts, and Indiana were the top 5 states homebuyers searched to move from.

Of all the major U.S. metros, Phoenix was the most searched for destination among homebuyers looking to relocate between Feb ’23 – Apr ’23. Next came Miami, Las Vegas, Tampa, and Orlando. San Francisco was the most searched for destination among homebuyers looking to leave, followed by New York, Los Angeles, Washington and Louisville.”

Map of U.S. migration by state

Go here for more Hawaii-specific news and data courtesy of Redfin.