Homebuyers in New York are increasingly looking elsewhere, with the city ranking as the second-largest source of departing house hunters in the U.S., according to real estate data. Many are drawn to markets where the median home price sits significantly lower, around $309,000, offering more affordable options. The shift reflects broader trends in housing demand, as buyers prioritize value in a competitive market. Analysts suggest rising costs and urban living pressures may be driving the relocation trend.
New York had the second-largest net outflow of house hunters in the US, with buyers eyeing a metro where typical homes cost just $309,000, according to Redfin.
