New construction vs. resale homes: How agents can guide buyers in today’s market. What agents and buyers need to know. October 15, 2024, 7:00am by Luke Babich. News > Contributors.

A construction site for new homes in Hercules, Calif., Aug. 16, 2023. (David Paul Morris/Bloomberg via Getty Images / Getty Images) "The one reliable source of inventory has been the builders.

“In March, 33% of homes listed for sale were new homes in various stages of construction,” said Dietz. The typical share between 2000 an 2019 was 13%, he said.

Newly built single-family homes represent 31.4% of homes on the market, the highest share of any second quarter on record. New homes now account for nearly twice as much of all housing inventory ...

In New Jersey, they were in fast-developing New York City satellites: Hoboken, where the median year built advanced by 19 years, and Jersey City, by 18 years. The Changing Face of Cities ...