The prospect of selling your home may seem daunting, especially given the uncertainty of finding your next abode amidst today's fast-paced market. However, take heart! An encouraging trend has surfaced that could potentially allay your fears. The rise of new home construction is changing the housing inventory landscape, offering you a wealth of new options when you plan your next move.
The housing market is witnessing an influx of newly constructed homes contributing significantly to the total housing inventory. This trend is something we have not seen in recent years, and it is beginning to reshape how buyers, like yourself, can approach the market.
In a historic shift, newly built homes now account for a near-record 31% of the total number of homes available for sale. To put this in perspective, from 1983 to 2019, new homes made up only around 13% of total housing inventory on average. The percentage of total available homes that are newly built is now more than double the historical norm.
In a market where the supply of homes for sale is limited, it's vital to leverage all available options. The surge in new home construction has emerged as a significant factor that is increasing housing inventory. Current data indicates that this momentum is likely to continue, with more newly built homes coming to the market in the upcoming months.
Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), underscores the relevance of newly built homes for prospective buyers in today's housing market. According to Dietz, "With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."
Failing to consider new home construction in your search might mean bypassing nearly one-third of the potential options in the housing market. Engaging the services of a local real estate agent can help ensure that you capitalize on this growing segment. These experts can guide you through the sale of your current house and help you navigate the array of newly built options in your preferred area.
Now is the perfect time to make a move and leverage the uptick in new home construction. With professional guidance, you can navigate the sale of your existing property and transition seamlessly into your newly built dream home. In a market that can often feel overwhelming, this surge in new home construction brings with it a breath of fresh air, offering you a broader range of choices and an easier transition.
So, if you've been worrying about selling your house due to concerns about finding your next home, this shift in the market offers a promising solution. With an experienced real estate agent by your side, you can sell your existing home and discover the myriad opportunities that new home construction provides.
Remember, with new homes making up an increasing percentage of housing inventory, your dream home could very well be one that is freshly constructed. Don’t miss out on these possibilities; seize this opportunity to sell your house and step into a brand new home tailor-made for your future.
The building momentum in new home construction offers an opportune moment for those looking to sell their house and move into their dream homes. By partnering with a knowledgeable real estate agent, you can smoothly navigate the dual process of selling your current home and exploring the newly built housing options in your area. The dream of transitioning into a newly built home can indeed be a reality. Let's connect and make it happen!
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