The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the following months. It’s considered a leading indicator. Every month, the and the number of building permits issued. This is a great indicator for understanding what’s happening nationally. However, locally we need to look at local reports. If you’re interested in those reports, let us know and we’ll get you the information.
How does a change in new homes impact buyers? Building new homes adds
While we are still in a seller’s market, a lack of inventory for a seller means there will be:
- A great price on their home as buyers outbid each other for it.
- A quick sale because buyers have such little inventory to choose from.
- Fewer hassles as buyers don’t want to “rock the boat” on the deal.
If you are considering selling your house, you’ll want to beat any impending competition in the market to ensure that you get the most attention on your listing and the best price for your house.
Give us a call for a professional, risk-free, no-obligation consultation on your particular situation so you can make the best decision for you and your family!
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Professional Denver Real Estate for the Urban at Heart