Florida saw more new residents than any other state in 2022 and recent studies suggest that it has continued to be one of the most popular states to move to in 2023. A recent study released by real estate marketing company Hyperwired analyzed Google searches that included phrases like “move to,” “relocate to,” and “homes in” for each state to find the most popular relocation destinations for each one.
Is Florida the most popular stateto move to?
According to a July study by moving company SelfStorage and Hyperwired’s findings Florida is still the most-desired state to move to in 2023.
Here are the 23 states where Google search data reflects Florida as the number one most-desired place to move to:
Alabama
Colorado
Delaware
Georgia
Illinois
Indiana
Iowa
Kentucky
Maryland
Michigan
Minnesota
Missouri
New Jersey
New York
North Carolina
Ohio
Oklahoma
South Carolina
South Dakota
Tennessee
Virginia
West Virginia
Wisconsin
Gulf Front Condo Market Update
Madeira Beach, North Redington Beach and Redington Shores
IIt’s no secret our world renown beaches on The Gulf of Mexico are a major reason people want to live in Pinellas County. Our Real Estate market begins on the beach and moves inland from there.We can learn alot from the real estate market along the shoreline. Here is a summary of the research I just completed.
Median Price Per Square Foot
Number of Units Sold
Cash Sales
The MEDIAN (middle) Sale Price per square foot is up 7% year over year through the third quarter in spite of a sharp decrease in quarter two of 2023. The number of units sold is down 28% for the same period in spite of a sharp increase in quarter two of 2023. 67% of the transactions were cash/no mortgage.
Mortgage Rates Continue to climb Toward 8%
For the seventh week in a row, mortgage rates continued to climb toward eight percent, resulting in the longest consecutive rise since the Spring of 2022. Rates have risen two full percentage points in 2023 alone and, as we head into Halloween, the impacts may scare potential homebuyers. Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory.
