Quote:
Originally Posted by VKChaz
Number looks out of line enough to be an anomaly. Could get a better idea if cmparing to past data or looking at the sample size. Maybe a business move (e.g., Molson moved people at some point) would skew numbers but seemingly not to that degree unless the sample is small and unrepresentative.
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The number looks perfectly reasonable in the national context.
Philadelphia—> NYC: 11.8%
Boston —> NYC: 11.7%
Seattle —> LA: 8.9%
LA —> Dallas: 15.9%
People tend to disproportionately look for homes in nearby metros. Obviously Redfin does not track people moving for college, moving from overseas, or people who already have family contacts.
But the Chicago numbers are basically saying that if 1000 people were searching for Chicago real estate, 880 already live in Illinois and 120 live outside the state. Of those 120 looking, about 11-12 are from Denver.
That’s intuitive. Denver is close and often more expensive for the Redfin demographic than Chicago