Homebuyers Are on the Move, But Where Are They Going?

In Q-4 2025, 18.8% of homebuyers moved to a different part of the U.S., up 17.9% from a year earlier, according to a report from real estate marketing platform Redfin. Why? As mortgage interest rates and home prices in some markets crept down, if slighly, domestic migration picked up.

Which metros are attracting the most homebuyers?

Sacramento, Calif., and Las Vegas saw the most inbound homebuyers. These metros recorded net inflows of 4,268 and 4,160, respectively. Four Florida metros—Cape Coral, North Port, Miami, and Orlando—also were high on the list. Compared with other cities, these metros tend to offer more affordable home prices, according to the report. 

Where are homebuyers leaving?

On the other end of the spectrum, homebuyers are clearing out of traditionally expensive coastal metros, such as Los Angeles and New York City. In these two cities, net outflow reached 25,908 and 23,080, respectively. San Francisco followed with a net outflow of 21,230, while Seattle saw a net out-migration of 19,154.