1. 22% More Existing Homes for Sale
In 2024, the number of existing homes for sale increased by 22%. And it doesn’t stop there—inventory is expected to grow another 11-15% by the end of the year. As Ralph McLaughlin, Senior Economist at Realtor.com, puts it:“You’re going to have more choice, and that’s not something buyers have really had much over the past several years.”
With more homes to choose from, your chances of finding one with all the features you need are much higher.
2. More Newly Built Homes Are Available
About 1 in 3 homes on the market today are newly built, which is more than usual. Builders are catching up after years of underbuilding, and they’re offering smaller, more affordable homes to meet demand. In fact, new construction might even be more affordable than you think. As CNET points out:
“You might be able to purchase a new house for a price similar to or even less than a pre-owned one.”
If you’ve been skipping over new construction, it might be time to take a second look. You could be missing out on some great options within your budget.
Let’s Get You Started
More homes on the market mean more opportunities for you. If you’re looking for a home in 2025, now might be the perfect time to dive into the market.
Let Team OLIVIERI know what features you’re looking for in your next home, and we’ll build you a list of opprotunities tailored to you and your family!