Miami is the number one city (on a list of 112 metropolitan areas) where out-of-towners want to move. Although Miami has always been a very attractive spot, now more than ever, people are craving its incredible lifestyle. Because of the pandemic, remote work encouraged many people to look for a better lifestyle. Miami became really popular because of its beauty, weather, lifestyle, and incredible real estate opportunities. Right now, Miami real estate is very popular amongst out-of-towners.
Miami has always been a total melting pot. However, now more than ever, people are looking to relocate to the Magic City. Miami’s international culture and versatile lifestyle makes it an extremely attractive place.
However, because demand is so high, the volume of inventory is very low right now. According to the MLS, Miami-Dade saw its best sales in July. In total, home sales topped 57.7% YoY. Demand from out-of-towners has made this year to become historic in the Miami real estate market.
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