Add hometown discounts to the growing number of challenges home buyers face.
Consumers moving from one place to another will pay an average of $ 17,123 more than local homebuyers between July 1, 2020 and June 30, 2021, according to a study by Redfin.
The largest discrepancy in dollar terms was in Sacramento, California, with outsiders paying $ 67,500 more, $ 50,450 more in Dallas, and an additional $ 47,500 in Miami. Outsiders paid $ 16,500 less in Las Vegas, $ 13,000 less in Tampa, Florida, and $ 9,000 less in Cape Coral, Florida.
Broken down by the percentage paid for asking about Austin, Texas led the group, with migrant workers paying 7.8% more than the list price – $ 470,000 versus $ 439,900 – and locals just 3.7% more than the sticker price paid – $ 447,500 and $ 425,000. Next came the Sacramento migrants at 3% – they paid an average of $ 627,500 for a $ 615,950 listing – and then 2.5% for the Dallas migrants – and paid $ 438,450 for a home for $ 425,000.
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