Thinking about selling your house, but feeling unsure because you're concerned about finding your next dream home in today's competitive market? Trust me, you're not alone in this dilemma. But here's a little something to put your mind at ease - the good news is that new home construction is on the rise and is becoming a more important component of the available housing options. So, there's hope that you might just stumble upon your perfect nest sooner than you think!

If you're thinking about selling your house this summer, it's really important to consider checking out newly built homes. Why? Well, it's simple. Exploring these options will open up a whole new range of possibilities for your next big move.

Near-Record Percentage of New Home Inventory

It's pretty interesting to note that the percentage of newly built homes in the market is actually hitting levels that are close to an all-time high. If you take a look at the graph down below, you'll see how these newly constructed homes are making up a significant chunk of the total homes up for sale right now.

You know what's interesting? According to the data, just over three decades ago, newly built homes only accounted for around 13% of the total homes available for sale. But guess what? In the present day, these newly constructed homes have taken a significant leap and now make up a whopping 31% of the total inventory. Can you believe that? It seems like the housing market has seen some major changes in recent years.

That means the percentage of the total available homes that are newly built is over two times higher than the norm.

Why This Matters to You 

So, here's the deal - there's a bit of a shortage of homes for sale right now. And you know what that means, right? It's super important to consider all your options. Lucky for us, new-home construction is stepping up and making a big difference by increasing the available supply. And get this – recent data suggests that things will only improve! More newly built homes are in the works and they'll be hitting the market in the coming months. Exciting stuff, huh?

Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), highlights the importance of newly built homes for those looking to buy in today’s housing market. Dietz states:

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

I wanted to give you a heads up about something really important - don't dismiss this fast-growing market segment and end up missing out on some amazing opportunities to find your dream home. You see, new home construction actually makes up about 31% of all the houses up for sale. So, if you don't take newly built homes into account, you're essentially cutting out almost one in every three options from your search. And trust me, you definitely don't want to limit yourself like that!

If you're thinking about moving, a local real estate agent is your go-to person. They can assist you in selling your current house and show you all the exciting new homes available in your area. With their knowledge and experience, they'll take care of everything, from selling your old home to helping you settle into your new dream home. So, say goodbye to your current house and say hello to the home you've always wanted, with the help of a trusted real estate agent.

Bottom Line

It's a great opportunity to sell your house right now and make the most of the growing momentum in new home construction. What do you say we connect and I'll be your guide every step of the way? Together, we can turn your dream of moving into a newly built home into a reality.