Sales of Not New Homes Are Increasing Too
Scott P. Rogers
What do we call homes that are not new homes? Resale homes? Used homes? Existing homes? Previously owned homes? :-)
Last week I pointed out that we are seeing a rapid increase in the sale of new homes in our market... a 39% increase in 2020 and a 68% increase in 2021.
One might have thus wondered if ALL of the increases in our local area home sales can be attributed to new home sales.
Well, the answer seems to be... no.
As shown above, sales of not-new homes are increasing as well... a 10% increase in 2020 and a 5% increase in 2021.
