Net domestic migration to Raleigh cools slightly

• That was down 2,635 people from 2023 — showing a slight slowdown in domestic migration. The data does not include international immigration.

The big picture: Redfin's analysis shows that the Sun Belt as a whole is seeing a slower rate of new arrivals after explosive growth following the pandemic.

• Cities including Tampa Bay, Dallas, Austin and Atlanta all attracted fewer domestic arrivals in 2024 than 2023. And all of those cities saw much steeper drops than Raleigh.
• Redfin pointed to several factors as potentially slowing the rate of new arrivals to Sun Belt cities, including rising cost of living and home prices in the South, high insurance costs in Florida and the return of in-office work mandates in large job centers like New York City.

Go deeper with Redfin's report