Two California cities topped the list of metro areas homebuyers are leaving. On the other end, a Northern California city was identified as the most popular destination for those looking to relocate.
The report said that almost a quarter of U.S. homebuyers in metro areas sought to leave their city in the three months ending in October.
The report looked at what it called "net inflow" and "net outflow." Inflow was calculated by taking the number of Redfin.com home searchers looking to move into a metro area, minus the number of searchers looking to leave. San Francisco had the biggest net outflow of 35,800, with 24% of the area's prospective homebuyers seeking to live elsewhere.
The real estate group noted that homes in the Sacramento metro area cost less than half of those in the Bay Area.
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