Source: Housing Wire —
The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found.
According to Redfin’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year.
Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can now work wherever they want.
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Hopefully the trend upward will continue. The market is unstable right now so its slowed down quite a bit.even here in Florida. Seems as if most people in the market are just waiting for things to settle down before purchasing.