Looking To Move? It Could Be Time To Build Your Dream Home.
While the number of available homes for sale is still limited, the number of freshly constructed homes is expanding. If you're ready to sell but have been putting it off because you're not sure you'll be able to find a place to live, newly built and under construction, homes may be the solution you've been looking for.
According to the most recent Census data, the supply of new dwellings is increasing this year (see graph below):
If you're ready to buy, you'll have more options to select from as more new homes enter the market. Of course, if you're thinking about buying a freshly constructed home, you'll want to consider the timing. The supply depicted in the graph above comprises homes in varying stages of completion - some are nearing completion, while others are still months away.
According to Robert Dietz, the National Association of Home Builders' (NAHB) Chief Economist and Senior Vice President for Economics and Housing Policy:
"Homes that have not yet begun construction account for 28% of new home inventory, up from 21% a year ago."
If you're ready to relocate, buying a home that's close to completion is ideal. If you're ready to sell but don't have a set deadline, a home that has yet to break ground can be a good choice. You'll have an even better chance of customizing your future home to meet your requirements. Whatever the case may be, your experienced real estate expert can assist you in finding a property that meets your needs.
Consider a freshly built home if you want to take advantage of today's sellers' market but aren't sure whether you'll be able to find a property to move into. Let's connect right away so you can work with a trusted real estate advisor to help you sell your property and explore your homebuying choices.