Sunday, April 19, 2020
Ryan Carrigan, co-founder and CEO of moveBuddha.com, said, "In normal times the majority of searches for relocations out of NYC would be to other major cities like San Francisco, LA, Philly, DC... While we're still seeing plenty of interest in moving to other major cities, the surge in searches for moving to suburbs within 90 minutes of the city has been unusual. Many searches are for move dates in July or August when quarantine restrictions will likely have been lifted or eased."
Carrigan continued, "The data suggests this is a new category of residents looking to leave the city that is likely motivated by the hardship of coronavirus." Carrigan noted, "Family-friendly suburbs with high median household incomes were among the most popular in searches. This could suggest wealthy families are starting to research moving out of the city."
The report looked at search data for all suburbs within a 90-minute driving radius of the city. The past 4 weeks of search data was compared to the same period of time last year. The data is based on website users' searches, not actual moves taking place at this time.
A full write up including a data set of the most popular suburbs can be found at this link: https://www.movebuddha.com/blog/new-yorkers-relocate-post-coronavirus