Buyer Bright Spot: There Are More Homes on the Market
If you've been struggling to find a home within your budget, there's good news! The number of homes for sale has increased significantly, giving you more options than in previous years. Here’s what you need to know:
1. 22% More Existing Homes on the Market
According to Realtor.com, the number of previously owned homes for sale jumped 22% in 2024—and it’s expected to keep growing.
✅ More inventory means a better chance of finding a home that fits your needs.
✅ Experts predict another 11-15% increase by the end of this year.
As Realtor.com’s Ralph McLaughlin explains:
“It could be a particularly good time to get out into the market . . . you're going to have more choice.”
2. More Newly Built Homes Available
Builders have ramped up construction, and now 1 in 3 homes on the market is a new build. That’s higher than usual, but it’s not an oversupply—just builders catching up after years of underbuilding.
✅ More affordable new builds: Builders are focusing on smaller, lower-priced homes, making new construction more budget-friendly than you might expect.
✅ New vs. existing: In some areas, a brand-new home may cost the same—or even less—than a pre-owned one!
CNET notes:
“If you live in an area where there's a lot of new construction happening . . . you might be able to purchase a new house for a price similar to or even less than a pre-owned one.”
Bottom Line
With more homes hitting the market, your homebuying options are improving in 2025. Let’s connect and explore what’s available in your area!
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