If You are Selling Your Home, Consider Purchasing a Newly Built Home

Are you looking to sell your home, but don’t have any idea where you will find your next home in today’s market? You are not alone, but there is a solution. New home construction is increasingly becoming a significant part of the housing inventory.

This means that if you do decide to sell your home this summer, by looking into newly built homes, your options will significantly increase.

Near-Record Percentage of New Home Inventory

Newly built homes make up a near-record percentage of the total number of homes available for sale in today’s market. See the graph below.

As the data shows, newly built homes now make up about 31% of the total for-sale inventory across the country. In the past, that number was about 13% between 1983 and 2019.

This means that the percentage of total homes available that are newly built homes is more than two times the normal amount.

Why This Matters

While the number of newly built homes is up, the overall supply of homes for sale is still low. When there is such limited supply, it is imperative that you explore all of your available options. New-home construction has become a game-changer by increasing the overall inventory. In addition, recent data from the U.S. Census shows that it’s gaining even more momentum as construction concludes on many newly built homes.

The Chief Economist at the National Association of Home Builders (NAHB), Robert Dietz, highlights the importance of newly built homes for those looking to buy a new home.

"With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."

Don’t miss out on this opportunity by overlooking this growing segment of the market. As new home construction accounts for an average of 31% of total sale inventory, by excluding newly built homes you could be missing out on nearly one in three options from your search.

Remember, a local realtor, such as award winning realtor Dianne Anderson, can help you sell your current home and explore all the options available to you. Dianne Anderson has the expertise you need to handle both sides of the process so you can move out of your current home and into your brand-new dream home.

Take Advantage of the Momentum

Now is the time to sell your home and take full advantage of the momentum that is building with new home construction. Connect with Dianne Anderson today so you can have the best guide possible throughout the selling and buying process. Let’s turn your dream into a reality with a newly built home.

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