I wouldn't say the fat redistributes per se but you'll eventually begin to lose in different places (and unfortunately probably continue to lose in the same places you don't want to anymore e.g. the boobs).
For example, I've been losing in the waist and the belly area and the hip as well which I'm really pleased about, but I've also continued to lose in the underbust where I thought I was pretty bony already and the boobs which are already pretty deflated. What I've noticed in terms of redistribution is that the longer I stay at a specific weight, the less hollow my skin looks. Unfortunately no fat migration from say my thighs to my boobs though...