Where Will You Go If You Sell Your Colorado Springs Home? Newly Built Homes Might Be the Answer.

Are you thinking about selling your house, but feel apprehensive because you're unsure if you'll find your next abode in the current market? You're not alone in this. However, there is good news that may alleviate your concern. The rise in new home construction is noticeably impacting the housing inventory.

This means, when you decide to list your Colorado Springs house on the market this summer, considering new construction homes could significantly widen your options for your next move.

Near-Record Percentage of New Home Inventory

Today, new construction homes constitute an almost record percentage of the total number of homes available for sale (see graph below):

The data shows that newly built homes now make up 31% of the total for-sale inventory. This is a significant increase compared to the average of 13% from 1983 to 2019, indicating that the percentage of total available homes that are newly built is more than twice the usual amount.

Why This Matters to Colorado Springs Home Buyers

Despite the overall supply of homes for sale remaining relatively low, it is essential for potential buyers to explore all available options. New home construction has surfaced as a game changer by providing a boost to the housing inventory. Moreover, recent data indicates a promising trajectory as more new homes are under construction and set to hit the market in the coming months.

Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), emphasizes the importance of newly built homes for those looking to buy in today's housing market. Dietz notes:

"With limited available housing inventory, new construction will continue to be a significant part of prospective buyers' search in the quarters ahead."

Don't overlook this expanding market segment and risk missing out on prime opportunities to find your perfect home. Given that new home construction accounts for approximately 31% of the total for-sale inventory, you could be eliminating nearly one-third of your options if you disregard new construction homes.

As a Colorado Springs home buyer planning a move, a top Colorado Springs real estate agent can guide you through the selling process of your current house and help you explore new construction options in your area. A seasoned Colorado Springs Realtor® will provide the expertise you need to manage both aspects of the transition, facilitating a smooth move from your current house into your brand-new dream home. Bottom Line

Bottom Line: Now is the ideal time to sell your house in Colorado Springs and capitalize on the momentum building in new home construction. Let's connect to navigate the selling and buying process together. With the help of a top Colorado Springs real estate agent, your transition to a newly built home can become a reality.

Call us today for a FREE, no-obligation review of your real estate goals: 719-434-7525

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