Despite Work-From-Home, Many Relocations Are Local

It’s true that some people have taken work-from-home as an opportunity to travel far and wide, but it could be that most buyers still want to be relatively near where they already are. They also aren’t looking for major changes in community type, whether urban, suburban, or rural. Nor are their motivations primarily financial, except in cases in which they changed jobs.

In a small survey of 514 respondents who were actively searching for a home, just over 40% of them were looking between 6 and 50 miles away, and over a quarter were searching between 2-5 miles away. However, it is important to note that of those looking more than 50 miles away, most were looking over 500 miles away. Between 63% and 77% of respondents wanted to stay in the same community type, and if they wanted a switchup, it would probably be to a suburban area. The primary reasons for moving were either lifestyle fit or major life events, not a growing wanderlust prompted by the possibility of a work-from-home model.

Photo by Kornél Máhl on Unsplash