The real estate market has been growing at a fast pace, and the demand for out-of-state home buyers is increasing. For the past fifteen years, the median distance people moved from their previous home was between 10-15 miles. Last year, that quadrupled to nearly 50 miles, according to the National Association of Realtors.
People are moving more and moving further away. As a brokerage or as a single agent, this impacts real estate marketing and lead generation strategies in various ways.