{"id":4028,"date":"2023-06-29T10:30:00","date_gmt":"2023-06-29T10:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/06\/29\/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer\/"},"modified":"2023-06-29T10:30:00","modified_gmt":"2023-06-29T10:30:00","slug":"where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2023\/06\/29\/where-will-you-go-if-you-sell-newly-built-homes-might-be-the-answer\/","title":{"rendered":"Where Will You Go If You Sell? Newly Built Homes Might Be the Answer."},"content":{"rendered":"

\n

$\"Where$ \n

Do you want to sell<\/a> your house, but hesitate because you\u2019re worried you won\u2019t be able to find your next home in today\u2019s market? You\u2019re not alone, but there\u2019s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory.<\/p>\n

That means when you go to put your house<\/a> on the market this summer<\/a>, considering newly built homes is crucial for expanding the options you\u2019ll have for your next move.<\/p>\n

Near-Record Percentage of New Home Inventory<\/strong><\/h4>\n
Newly built homes today make up a near-record percentage of the total number of homes available for sale (see graph below<\/em>):<\/p>\n
<\/a><\/p>\n
In fact, as the data shows, newly built homes now make up 31%<\/a> of the total for-sale inventory. Over the past couple of decades, newly built homes made up an average of only around 13%<\/a> of total housing inventory from 1983 to 2019.<\/p>\n
That means the percentage of the total available homes that are newly built is over two times higher than the norm<\/strong>.<\/p>\n
Why This Matters to You<\/strong>\u00a0<\/h4>\nOverall, the supply of homes for sale is still low. And when there\u2019s limited supply, it\u2019s 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<\/a> shows it\u2019s gaining even more momentum as more newly built homes are underway and will be coming to the market in the months ahead.<\/p>\n
Robert Dietz, Chief Economist at the National Association of Home Builders<\/em> (NAHB), highlights the importance of newly built homes for those looking to buy in today\u2019s housing market. Dietz states<\/a>:<\/p>\n
\u201cWith limited available housing inventory, <\/em>new construction will continue to be a significant part of prospective buyers\u2019 search in the quarters ahead<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n
Don\u2019t 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\u2019t consider newly built homes.<\/strong>\u00a0<\/p>\n
If you\u2019re looking to make a move, a local real estate agent can help you sell<\/a> 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.<\/p>\n
Bottom Line<\/h3>\n
Now\u2019s the time to sell<\/a> your house and take advantage of the momentum that\u2019s 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.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
Do you want to sell your house, but hesitate because you\u2019re worried you won\u2019t be able to find your next home in today\u2019s market? You\u2019re not alone, but there\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":4029,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-4028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t