According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years.
Trulia’s Chief Economist, Ralph McLaughlin had this to say:
“New home sales jumped sharply in June, and marked the best month since February 2008. This is a continued sign that demand for homes remains solid and aptly reflects increasing homebuilder confidence.”
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Sales have been climbing consistently over the last six months as shown in the graph below.
One of the many reasons why many homeowners turn to the new homes market to find their dream home is due to the lack of existing homes for sale. As we have mentioned before, buyer demand is outpacing the supply of homes for sale at record rates.
NEW CONSTRUCTION BROWARD COUNTY FLORIDA
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New Construction for Single Family Homes in Broward County Homes built 2013-Today totals less than 300 homes for sale and only 26 homes sold in June. Much of the New Construction is for Luxury Homes in Broward County.
If you look at homes under a Million there are only 113 Homes for Sale and only 18 sold in June:
Then when you look under $500,000 price range you can see there is hardly any homes for sale or sold Newer Construction in Broward County:
Bottom Line
If you are a homeowner who is debating listing your home for sale this year, now may be the time. Meet with a local real estate professional who can help you take advantage of the buyers that are ready, willing and able to buy in your area.<<FIND OUT WHAT YOUR HOME IS WORTH NOW!>>
There is a demand from Buyers to buy well priced homes that are updated. If you are thinking about moving up to your next home, there are buyers ready to buy your home!
Contact Jay Cermak Top Fort Lauderdale Real Estate Agent at 954.235.3589 and schedule a FREE Real Estate Consultation today!
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