With Limited Inventory, Buyers Are Competing for an Aging Housing Stock
Pro Builder
FEBRUARY 9, 2022
The total share of buyers who purchased a new home in 2021 was just 15%, down from 28% in 2003 but up from a low of 13% in 2019, the National Association of Realtors reports. Repeat buyers in the market are more likely to have equity from their past home and are able to purchase newer homes that may need less work once the buyer is in.
Let's personalize your content