New Construction Brings New Competition

Newly built homes are selling faster than they have in the last 6 years, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. With many worried about the lack of inventory for buyers, new homes are being sought out more and more.

Kevin Kelly, chairman of the National Association of Home Builders (NAHB), explains, “This jump in sales activity is in line with our latest surveys, which indicate builders are seeing increased traffic and more serious buyers in the market for single-family homes.”

With an annual rate of about 500,000 new homes built and sold, this news means that sellers should sell now or get out of the way! The competition in the next few years will be fierce for sellers of single family residences.

This year is the optimal time to sell. Inventory is low, prices are good, and there has been no better time than now to list your home! Call me to discuss the value of your home and the possible options available to you, such as upgrading.

Of course, I'm never too busy for your referrals. Please feel free to pass along this information to any home owners you know, it could be a great opportunity for them!