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Affordable Inland Metros Drew People from San Francisco, New York and Los Angeles

Sacramento, Phoenix and Las Vegas Were the Most Popular Migration Destinations at Year End

The fourth quarter of 2017 saw people in expensive, high-tax coastal markets like San FranciscoNew YorkLos Angeles, search for homes in metros like SacramentoPhoenix,  Las Vegas, and Nashville where taxes are lower and housing is more affordable. This is a continuation of a trend we saw throughout the past year, but what was new last quarter was that the topic of taxes and tax reform came in conversations Redfin agents had with people looking to move away from the aforementioned coastal markets and into fast-growing mid-tier metros. We expect that in 2018, this migration pattern will intensify as tax reform becomes a reality and more people choose to relocate in search of a lower cost of living. Our migration analysis is based on a sample of more than 1 million users searching for homes across 75 metro areas from October through December 2017.

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