Within the newest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the following twelve. The report signifies the percentage of all buyers that will be first-time buyers trying to purchase a home grew from 58% in This autumn 2018 to 63% in This autumn 2019.
The results revealed,
“Millennials are the most likely generation to be planning to buy a house within a 12 months (19%), adopted by Gen Z (13%) and Gen X (12%)…Potential patrons in the youngest two generations are primarily first-time consumers: 88% of Gen Z consumers and 78% of Millennial buyers are reaching out to homeownership for the first time of their lives.”
With a high demand from first-time homebuyers and a scarcity of inventory within the current Jefferson County market, promoting your existing residence this year may be your greatest move. Why? Because when Jefferson County homebuyers start their search, they’re not all in search of new construction|developments|buildings}. Many are keen to seek out a bit charm and character in a spot to call house – probably yours.
The truth is, according to the identical study, there’s a important demand for existing Jefferson County homes:
“When it comes to the type of residence these potential residence consumers are concerned about, 40% want to purchase an present dwelling and 19% a newly-built residence. The remaining 41% would purchase both a new or current residence.”
With showing activity up among Jefferson County buyers and more new buildings coming to the Jefferson County market, as a house owner, you’ve the chance to list your current home now and move up into a brand new one, or downsize into a home that higher suits your present and ever-changing needs.
Bottom Line
Not all Jefferson County buyers are looking for a newly built home. For those who’re able to reap the benefits of low mortgage rates and a high demand on your current dwelling, let’s get together to determine how we will market the charming details of your current home to potential Jefferson County buyers.