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Are You Part of the Buyer Migration to the Suburbs?

News.com reports a 13% increase in views of suburban homes from urban areas and the inventory that is available is selling quickly.

“This migration to the suburbs is not a new trend, but it has become more pronounced. After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely are likely two of the factors contributing to the popularity of the burbs.” said Javier Vivas, Director of Economic Research for realtor.com.

Realtor.com also reported... “Nearly 30% of respondents living in a high-density urban area say that the pandemic is prompting them to want to move by the end of the year…This is more than double the rate of those living in rural parts of the country, where residents are much more likely to stay put rather than to relocate.”

While these are great stats for sellers who are considering putting their home on the market, the competition for the limited inventory available has driven prices up.

So what do you do if you want to buy?Mackenzie Rae Team | Real Estate Inventory | Century 21 American Homes

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