Real Estate and *stuff *

Real Estate and *stuff *

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New Survey: Buyers More Likely To Buy Existing Homes Vs. New Construction

March 8, 2019

existing-vs-new-home-cover

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.

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