{"id":2840,"date":"2025-02-05T20:33:21","date_gmt":"2025-02-05T20:33:21","guid":{"rendered":"https:\/\/dimerorealtygroup.com\/?p=2840"},"modified":"2025-02-05T20:33:22","modified_gmt":"2025-02-05T20:33:22","slug":"buyer-bright-spot-there-are-more-homes-on-the-market","status":"publish","type":"post","link":"https:\/\/dimerorealtygroup.com\/es\/buyer-bright-spot-there-are-more-homes-on-the-market\/","title":{"rendered":"Buyer Bright Spot: There Are More Homes on the Market"},"content":{"rendered":"
\n

The past few years have been challenging for\u00a0homebuyers, especially with higher home prices and mortgage rates. And if you\u2019re trying to buy a home, it\u2019s easy to worry you won\u2019t be able to find something in your budget.<\/p>\n

But here\u2019s what you need to know. The number of homes for sale has grown a whole lot lately and that\u2019s true for both existing (previously lived-in) and newly built homes. Here\u2019s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you\u2019re been looking for.<\/p>\n

1. There Are 22% More Existing Homes for Sale<\/strong><\/h4>\n

Data<\/a>\u00a0from\u00a0Realtor.com<\/em>\u00a0says the number of existing homes for sale improved by an impressive 22% in 2024. And experts say your pool of options is expected to get even better this year. Forecasts\u00a0show<\/a>\u00a0inventory is projected to grow\u00a0another 11-15%<\/strong>\u00a0by the end of this year (see graph below<\/em>):<\/p>\n

\"a<\/a>Here\u2019s why this is so good for your search. If you haven\u2019t seen a house with all the features you need, just know that, as the number of homes for sale grows, you\u2019ll have more options to choose from. That means a better chance of finding a home that checks all your boxes. As Ralph McLaughlin, Senior Economist at\u00a0Realtor.com,<\/em>\u00a0says<\/a>:<\/p>\n

\u201c<\/em>It could be a particularly good time to get out into the market . . . you’re going to have more choice.<\/em><\/strong>\u00a0And that’s not something that buyers have really had much over the past several years.\u201d<\/em><\/blockquote>\n

2. There Are More Newly Built Homes on the Market<\/strong><\/h4>\n

According to\u00a0data<\/a>\u00a0from the\u00a0Census<\/em>\u00a0and the\u00a0National Association of<\/em>\u00a0Realtors<\/em>\u00a0(NAR), 31.1%, or roughly 1 in 3, homes on the market right now are newly built homes. That\u2019s more than the norm (see charts below<\/em>). But don’t worry, that’s not because builders are overdoing it \u2013 it\u2019s just that they\u2019re trying to catch up after years of underbuilding.<\/p>\n

\"a<\/a>And the best part is, since builders have been focusing on\u00a0smaller homes\u00a0with lower price points, you may actually find out new builds are less expensive than you\u2019d expect. So, while a lot of people write off new construction because it\u2019s easy to assume the costs are way higher, lately, that price gap isn\u2019t as big as you\u2019d think. As CNET\u00a0says<\/a>:<\/p>\n

\u201cIf you live in an area where there’s a lot of new construction happening . . .\u00a0<\/em>you might be able to purchase a new house for a price similar to or even less than a pre-owned one<\/em><\/strong>.\u201d<\/em><\/blockquote>\n

If you haven\u2019t been able to find a home that\u2019s in your budget, it\u2019s time to ask your agent about new builds. If you don\u2019t, you may have been cutting your pool of options by about a third.<\/p>\n<\/div>\n

Bottom Line<\/h3>\n
\n

More choices could be the key to unlocking your homebuying goals in 2025. Reach out if you want to see what\u2019s available in and around our area.<\/p>\n

What features are you looking for in your next home?\u00a0<\/strong>Let me know and I\u2019ll put together a list of homes you\u2019d love.<\/p>\n<\/div>\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

The past few years have been challenging for\u00a0homebuyers, especially with higher home prices and mortgage rates. And if you\u2019re trying to buy a home, it\u2019s easy to worry you won\u2019t be able to find something in your budget. But here\u2019s what you need to know. The number of homes for sale has grown a whole […]<\/p>\n","protected":false},"author":5,"featured_media":2841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[48,50,73,34],"tags":[],"class_list":["post-2840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-for-sellers","category-housing-market-updates","category-sell"],"yoast_head":"\nBuyer Bright Spot: There Are More Homes on the Market - DiMero realty group<\/title>\n<meta name=\"description\" content=\"Buyer Bright Spot: More homes are hitting the market! 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