Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
Housing MarketReal Estate

Adios coast: Nearly all the top markets are inland

Homebuyers will continue to move away from the coast

Migration away from expensive coastal cities is set to continue in 2020. Strong economies, more jobs and available inventory are expected to drive more people to inland cities in 2020, realtor.com says.

More specifically, there are 10 markets that realtor.com predicts will be the top housing markets for 2020, and nearly all of them are inland.

This year’s trend list proved that homebuyers relocated from expensive coastal cities to more affordable inland areas.

According to this year’s report, nine out of 10 cities on the list are located away from the coast, whereas last year there were four coastal cities on the list. Throughout this year, homeowners fled coastal cities for multiple reasons.

The cities that made the list retain sufficient inventory, more specifically at an entry-level price point. What attracts buyers – young ones especially – is affordable homes.

The median asking price for the top 10 cities combined was $292,000. Beyond that, seven cities on the list were priced below the U.S. median of $312,000.

Realtor.com said that the price gains in these markets outpaced the similar-sized markets, which saw a 4.3% year over year increase. The median closing price in the top 10 combined sits at $213,000, with seven of the 10 markets also below the U.S. median of $259,000.

Active listings in the following cities decreased 11% year over year.

Add all that up and you have 10 markets that look to be very desirable over the next 12 months.

Here are the top 10 markets to move to in 2020:

  1. Boise, Idaho
  2. McAllen-Edinburg-Mission, Texas
  3. Tucson, Arizona
  4. Chattanooga, Tennessee
  5. Columbia, South Carolina
  6. Rochester, New York
  7. Colorado Springs, Colorado
  8. Winston-Salem, North Carolina
  9. Charleston-North Charleston, South Carolina
  10. Memphis, Tennessee

Boise notably leaped from the No. 8 spot last year to No. 1 this year.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please