The past few years have been tough for homebuyers, with rising home prices and higher mortgage rates making affordability a challenge. If you’ve been feeling discouraged about finding a home within your budget, there’s good news—inventory is growing, giving buyers more choices than they’ve had in years.
Here’s why 2025 could be a great time to buy and how two key trends—more existing homes on the market and increased new construction—can work in your favor.
1. More Existing Homes for Sale Than Before
According to Realtor.com, the number of existing homes for sale has surged by 22% in 2024, and experts predict inventory will continue to grow by another 11-15% by the end of the year.
📈 Why this matters for buyers:
- More inventory means more choices, increasing the likelihood of finding a home that meets your needs.
- With rising supply, competition may ease, giving buyers better negotiating power.
- You may start seeing price adjustments in some areas, improving affordability.
Ralph McLaughlin, Senior Economist at Realtor.com, explains:
“It could be a particularly good time to get out into the market . . . you’re going to have more choice. And that’s not something that buyers have really had much over the past several years.”
If you’ve been struggling to find the right home, now is the time to start looking again.
2. New Construction Homes Are More Affordable Than You Think
Another major shift is happening in new construction. Right now, 31.1% of available homes are new builds—much higher than usual.
🏡 What this means for you:
- Builders are offering more homes at lower price points, making new construction a more affordable option.
- Many new homes include energy-efficient features and modern layouts, reducing maintenance and utility costs.
- Some builders are providing incentives, such as rate buy-downs or closing cost assistance, to attract buyers.
A report from CNET highlights this unexpected trend:
“If you live in an area where there’s a lot of new construction happening . . . you might be able to purchase a new house for a price similar to or even less than a pre-owned one.”
If new homes haven’t been on your radar, it might be time to ask your agent about available new builds in your area. You could be overlooking one-third of the market by not considering them.
Bottom Line: More Choices in 2025 Can Help You Find the Right Home
With more existing homes hitting the market and an increase in affordable new construction, 2025 is shaping up to be a great year for buyers.
🔹 Ready to start your search? Connect with a local real estate expert to explore your options and find a home that fits your budget and lifestyle.
👉 What features are you looking for in your next home? Let an agent know so they can find listings tailored to your needs!