Future home sellers need to look at this data! Rising inventory in the new-home market is giving buyers more choices. New-home inventory is at a 6.1-month supply, which is considered balanced for the market. That also is 74.3% higher than a year earlier. Inventory in the new-home market reflects a growing share of homes that have not yet started construction. 28% percent of the new-home inventory comprises homes in that category.
This means when you put your home up for sale next year, buyers will most likely be comparing it to newly constructed homes that are also on the market. Will they choose your property over a brand new home?
Source: National Association of Home Builders
