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Home > Are Homebuyers Leaving Big Cities?

Are Homebuyers Leaving Big Cities?

August 5, 2025 by Page Innis Leave a Comment

 Why Boston Is Now on the Move—and Where They’re Going

For years, living in a major city like Boston, New York, or Chicago was seen as a status symbol—a sign that you’d “made it.” But in 2025, the high cost of living, rising unemployment, and the dream of homeownership have led more city dwellers to ask: Is it time to leave?

A recent report from Realtor.com shows that more residents from major metropolitan areas are looking to relocate, with Boston ranking among the top 10 cities from which locals are actively seeking to leave.

Let’s unpack what’s driving this shift—and what it means for buyers, sellers, and investors in the Greater Boston area.


📊 The Data: Boston Sees Major Outbound Search Activity

Between April and June 2025, 72% of home listing views from Boston residents were directed outside the metro area, according to Realtor.com’s Cross-Market Demand Report. That’s a 24.7% jump in outbound interest compared to six years ago.

This placed Boston as the 9th least popular metro among its residents, just behind Chicago and ahead of New York City.

It’s a shift that reflects a broader national trend: people want space, affordability, and more value for their housing dollar.


💸 What’s Driving Bostonians Out?

Here in Boston, the numbers speak volumes:

  • Median home prices rose over 42%, hitting $854,974 as of June 2025

  • Unemployment has increased since 2019, adding pressure to already stretched budgets

  • Daily costs—from groceries to parking—continue to climb in a city where affordability has become a growing concern

With these factors combined, it’s no surprise that buyers are looking beyond the city limits for relief and opportunity.


📍 Where Are Bostonians Looking to Move?

According to the report, Bostonians are turning their attention to:

  • Providence, RI

  • Hartford, CT

  • New York City (ironically, even as NYC residents look elsewhere)

These nearby metros offer proximity to Boston while boasting lower average home prices, less competition, and in some cases, lower taxes and cost of living.


🏙️ A Local Perspective: What This Means for Boston’s Housing Market

As a real estate agent working with buyers and sellers in neighborhoods like Back Bay, Beacon Hill, South End, and Cambridge, I’ve seen this trend firsthand.

While inventory remains tight in popular Boston neighborhoods, buyer behavior is shifting. Many are:

  • Expanding their searches to commuter towns or smaller cities with more space and lower prices

  • Re-evaluating the trade-offs between location and lifestyle

  • Opting for quality of life and long-term affordability over proximity to a city center

Sellers in Boston should recognize that pricing competitively and marketing strategically are more crucial than ever. With increased buyer interest in other regions, capturing attention here requires thoughtful preparation and a strong digital presence.


🏡 Is This the End of Big City Living?

Not at all. Boston remains one of the most desirable cities in the country thanks to its universities, hospitals, historic neighborhoods, and cultural attractions.

However, for many, especially first-time buyers, the financial pressure is a genuine concern. As more residents explore suburban and regional markets, we may see a softening in price growth and increased demand in surrounding towns.


🧠 Final Thought: This Is a Time for Strategic Moves

If you’re considering selling in Boston or buying in a more affordable area nearby, this could be the ideal time to act. And if you’re an investor? Pay attention—migration trends like these often create fresh opportunities in growing secondary markets.

📩 Let’s talk about your goals—whether you’re looking to list in Boston, relocate, or explore markets in the Lakes Region of New Hampshire. I’m here to guide you through the market with insights that keep you ahead of the curve. Contact me if you have questions about the Boston Real Estate Market or are considering a relocation. I can help you with whatever your next move is. 


 

Filed Under: Buying, Home Solutions, Market Analysis 2024, Real Estate News, Selling, Sothebys

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Page Innis

Page Innis has been in working in Boston real estate for 18 years. The previous 16 years, she has been a member of the Gibson Sotheby’s International Team. Just like Gibson Sotheby’s she believes that all clients regardless of price point, should be given the white glove treatment. She has a broad range of experience in both sales and rentals throughout the metro Boston market and the Lakes Region of New Hampshire.

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Gibson Sotheby’s International Realty

277 Dartmouth Street 2nd floor
Boston, MA 02116

(617) 784-3954 Office
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