New Survey: Buyers More Likely to Buy Existing Homes VS. New Construction

Dated: 03/13/2019

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Many people believe that when it comes to real estate, buyers want something brand new. But according to a recent report, the vast majority of buyers end up purchasing existing homes.

According to the New Construction Consumer Housing Trends Report 2018, only 38% of buyers in 2018 even considered purchasing new construction. And the percentage that ended up buying a brand new home? Only 11%.

The Takeaway

If you’ve been thinking about selling your house, now is a great time to make a move. With 89% of buyers ultimately purchasing existing homes, your property is exactly what a huge portion of buyers are looking for.

Source: https://www.bestrealestateblog.com/new-survey-buyers-more-likely-to-buy-existing-homes-vs-new-construction?m=qlsEiXctkkCsPjPITSDb

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Amy Lang

Amy Lang started her real estate career working as an assistant to a top producing real estate broker where she learned how to manage a demanding work load and large volume of inventory. Soon after b....

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