Leave a Message

Thank you for your message. We will be in touch with you shortly.

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer

June 29, 2023

Real Estate Tips

Where Will You Go If You Sell? Newly Built Homes Might Be the Answer

Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You’re not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.

That means when you go to put your house on the market this summer, considering newly built homes is crucial for expanding the options you’ll have for your next move.

Near-Record Percentage of New Home Inventory

Newly built homes today make up a near-record percentage of the total number of homes available for sale (see graph below):

In fact, as the data shows, newly built homes now make up 31% of the total for-sale inventory. Over the past couple of decades, newly built homes made up an average of only around 13% of total housing inventory from 1983 to 2019.

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 

Overall, the supply of homes for sale is still low. And when there’s limited supply, it’s crucial to explore all of your available choices. New-home construction has emerged as a game changer with increasing inventory. Not to mention, recent data shows it’s gaining even more momentum as more newly built homes are underway and will be coming to the market in the months ahead.

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.”

Don’t overlook this growing market segment and risk missing out on great opportunities to find your ideal home. Since new home construction accounts for roughly 31% of total for sale inventory, you could be cutting nearly one in three options from your search if you don’t consider newly built homes. 

If you’re looking to make a move, a local real estate agent can help you sell your current house and explore newly built options in your area. They have the expertise you need to handle both sides of the process so you can move out of your current house and into your brand-new dream home.

Bottom Line

Now’s the time to sell your house and take advantage of the momentum that’s building in new home construction. Reach out to a trusted real estate agent who can guide you throughout the selling and buying process so you can make your transition to a newly built home a reality.

 

(2023, June 29). Where Will You Go If You Sell? Newly Built Homes Might Be the Answer. Keeping Current Matters. https://www.keepingcurrentmatters.com/2023/06/29/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer/

Explore Our Other Blogs

Stay Updated On Our Most Recent Blog Posts

Buyer's Real Estate Tips

How Much Money Do I Really Need to Buy a House in San Jose?

Thao Dang Pham  |  July 3, 2025

How Much Money Do I Really Need to Buy a House in San Jose?
Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle

Real Estate

Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle

Brian Ng  |  July 2, 2025

Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle
Avoid Realtor Regret How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures

Real Estate

Avoid Realtor Regret: How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures

Brian Ng  |  July 2, 2025

Avoid Realtor Regret: How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures
Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers

Buyer's Real Estate Tips

Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers

Thao Dang Pham  |  July 1, 2025

Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers
Is Now the Right Time Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Real Estate

Is Now the Right Time? Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Thao Dang Pham  |  July 1, 2025

Is Now the Right Time? Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Real Estate

Are San Jose Home Prices Really Dropping? What the Data Shows in Evergreen, Almaden & Silver Creek

Brian Ng  |  June 30, 2025

Are San Jose Home Prices Really Dropping? What the Data Shows in Evergreen, Almaden & Silver Creek

Let's Talk

You’ve got questions and we can’t wait to answer them.

FOLLOW US ON INSTAGRAM