Boston Real Estate for Sale in 2021

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Mass exodus from Mass

It’s enigmatic that Boston, a city rich in history and home to some of the best colleges and hospitals in the country ranks No. 5 in the country for net outflow, according to a recent migration analysis by Redfin.com.

But then again, COVID-19 turned normal on its head.

The report is based on a sample of some 2 million Redfin.com users who searched for homes across 112 metro areas in July.

Boston, along with San Francisco, Los Angeles, New York and Washington, D.C. saw more movement than any other metro areas. According to the report, Beantown’s July 2021 net outflow was 7,492, a year ago that number was -210. Where are they going? They’re heading north. Bostonians were most drawn to Portland, Maine.

A net outflow measures how many more Redfin.com home searchers looked to flee a particular city, instead of relocating to it. 

Warm-weather destinations like Miami, Phoenix, Las Vegas and Tampa were the most sought-after places to flock to with the highest rate of net inflow. Who wouldn’t want to work from the beach or near a golf course?

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Updated: Boston Real Estate 2021

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Mass exodus from Mass

The New York-Newark-Jersey City metro area tops the list for the highest out-migration activity, followed by Los Angeles, San Francisco, San Jose and Washington, D.C. For the most part, residents left these expensive metro areas for less costly housing markets or for warmer weather.

Other cities with high out-migration included Seattle, Boston, Chicago, San Diego, and Portland, all known for high home prices and population density. Areas that experienced population and home price explosions in recent years also lost residents, including Denver and Salt Lake City. Urban markets even in warmer climates were also on the list for having high out-migration activity, likely because of affordability issues. For example, Miami had the sixth-highest out-migration and Orlando had the 11th highest.

With more and more workers able to work from home remotely. Are we go to see a mass exodus from Mass?

According to a new study, the hot real estate markets are no longer on the costs, but in the middle of America as the video clip below shows.

Boston Real Estate for Sale in 2021

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