Homebuyers are moving far away from their last place
"How far a buyer moved jumped to an all-time high of 50 miles"
From a National Association of Realtors blog post on their “2022 Profile of Home Buyers and Sellers“:
5. How far a buyer moved jumped to an all-time high of 50 miles from a range that had been steady between 10 to 15 miles.
Buyers' migration to small towns and rural areas was undoubtedly at play. Another factor is remote and hybrid work sett…