Top 10 Cities Likely to Attract Out-of-Town Buyers While Keeping Locals Loyal
Spokane is the place to be, according to Realtor.com. But homebuyers are not so in love that they will move to Spokane at all costs. They are looking for a good deal, viewing houses that are below the median price point for the area. Other factors for the influx of out-of-towners include homebuyers fleeing high-cost areas such as Seattle. Read on to find out the other cities that made the list.
A new report from Realtor.com examined the 100 largest metropolitan areas nationwide for cross-market demand. Researchers studied views of Realtor.com listings, comparing how many people from out-of-town were looking at homes in a city versus how many locals were looking to move away.
Spokane has the highest inbound-outbound ratio, meaning significantly more people from out of the area were considering moving there compared with locals who were considering migrating elsewhere.