Special offer

Are residents actually migrating away from cities?

By
Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

 

So, are people REALLY fleeing the cities because of the pandemic?

It’s been months since the first stay-in-place and social distancing orders were announced and people are finding ways to combat cabin fever – including moving.

Why are they moving? Homebuyers are looking for more dedicated office/work spaces in their homes and more private outdoor space. With the relaxing of telecommuting rules in many workplaces, many city residents are less concerned about living as close to work as they were before Covid-19. And moving further outside the city gets more space for less money which is appealing to many first time buyers.

According to the National Association of REALTORS, homes in rural areas saw median sales prices increase 11.3% year over year in the four weeks ending Aug. 2nd. Suburban area home prices jumped 9.2% during that time, and urban areas saw a smaller increase of 6.7%.

If you are re-thinking your housing situation, give me at call at 202-271-5301 to explore the many options available throughout the DC Metropolitan Area.

Posted by

______________________________________________________________________

Dana Hollish Hill
REALTOR * Broker * Coach 
JPAR Stellar Living
800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877
office 301.944.9070  
cell  202.271.5301
web danahill.jpar.com

Comments (3)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Dana - people continue to move for all sorts of reasons.  

Sep 18, 2020 09:36 AM
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good evening Dana Hollish Hill 

Thank you for sharing your information about residents migrating away from cities.  It seems like we are seeing the same migration from high rise living to the suburbs. Have a great night. 

Sep 18, 2020 06:26 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Easter Dana to you and your family.  I think more people now that they get to work from home are leaving the cities,

Apr 04, 2021 09:44 AM