United Van Lines has conducted a national movers study for the past several years.
And for years, Connecticut has been in the Top 10 for Outbound Moves.
Teetering between number 3 and 4 on the ‘Moving Out’ list since 2017, Connecticut had more people moving out of the state than into it.
While the rest of the nation saw a significant surge in real estate activity after the 2008 recession, Connecticut seemed to slowly move along, with slight and gradual changes each year.
This year, Connecticut real estate has seen a dramatic shift.
Connecticut a Top State for Inbound Moves
The pandemic has altered everything, including where people want to live. Many people have made moves over the past six months, with the health crises being cited as an influence.
According to the most recent study by United Van Lines, Connecticut jumped from one of the top states for outbound moves, to the being ranked 3rd for inbound moves, where COVID was a contributing factor. Here is a complete list of the top inbound states from March to August 2020:
- North Dakota
The top outbound states during the same time period were:
- Washington, D.C.
- New York
Top Reasons for Moving
According to the study the most common factors for moving associated with COVID-19 are:
- Concerns for personal and family health and wellbeing.
- Desires to be closer to family.
- Changes in employment status and work arrangement (including the ability to work remotely).
- Desires for lifestyle change or improvement of quality of life.
Locally, we are seeing an influx of buyers from New York City who are now able to work from home. This shift has made Connecticut a top state to move to for the first time in years. If you are looking to buy or sell in Connecticut, contact us today!