Last month, 1,235 properties closed. Of those, 427 (almost 35%) were new construction. That means 1 out of every 3 homes that closed last month were new. 

What historic number did new construction hit last month? Pending sales. 

At the end of March, there were 628 new construction properties under contract. That’s the most ever in recent history The MLS database for new construction goes back to 2007 and this is the highest month on record.

Builders are typically more motivated and understand the market more than the average seller. Not only are they selling a brand new home, they are offering incentives, price reductions and when potential buyers visit, they walk into a perfect model home that is decked out with all the best options. Regular Joe sellers barely have time to vacuum the cheerios from the carpet and get the dogs out. Meanwhile, new construction is perfectly staged and builders are motivated to make a deal. 

If you’re a buyer, we’d love to help you with new construction. Please remember, while the agent in the model is very knowledgeable and important to the process… they represent the best interest of the builder. They have a legal obligation to be the builder’s fiduciary. Not only could they get fired for not representing the builder, they would be breaking contract law and agency to help you over the builder. PLEASE let us help you and represent you with new construction. We can help with the entire process and attend walkthroughs and inspections with you to help make sure you’re represented. 

If you’re a seller, please be sure you’re aware of the new construction options around you and know how you’re going to compete with them. If you are hoping to sell your property and want an experienced, trusted team of local Realtors in your corner, please don’t hesitate to give us a call.