New Construction on Cape Cod
New Homes are the New Thing 🔥
With used homes scarce, new homes now make up more than twice of their normal percentage of home sales. Plus, We are seeing more builders offering buyers incentives to help move their inventory along!
So...why buy new? đź’Ž
Up-to-date building codes and safety features
Lower maintenance costs
No need for renovation
Tax benefits
Ability to personalize floor plans and finishes
Quiet and peaceful neighborhood
Access to community amenities
Better resale value
The list goes on. If you're looking to buy new on Cape Cod in 2023 - scroll to find your town!
New towns added each week!*
Sales of newly constructed homes jumped during Spring, new data shows.
Sales of newly built homes were at a seasonally adjusted annual estimate of 683,000 during April, according to the U.S. Census Bureau — 4.1 percent above the March 2023 rate of 656,000 and 11.8 percent above the April 2022 estimate of 611,000.
The increase in sales of newly built homes was the largest jump in 13 months, coming as buyers contend with a long-running inventory shortage in existing homes.
BEHIND THE NEWS: Newly built homes offer a welcome source of new inventory for a market wrought with affordability challenges, economists explained.
“Homebuilders are fitting nicely into this spring housing season that is starved for new inventory,” Zillow Senior Economist Nicole Bachaud said in a statement. “Homebuyers are hungry for anything they can afford, and homebuilders are happy to meet them where they are.” —Ben Verde
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