A new study shows that Floridians are aggressively buying properties in New York City, with 219 purchases valued at $315 million in the first half of 2024.
Floridians lead the luxury market in NYC, spending $141 million on properties priced at $3 million and above, influenced by high insurance rates in Florida.
While nearly 739,000 people moved to Florida in 2022, about 490,000 left, including 21,300 returning to New York.
New Jersey's share of out-of-state buyers in NYC is dropping, while Californians have increased their presence and spending in the residential market.
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