New Home Construction

Low Housing Inventory Drives Up New Construction Prices

When housing inventory is low, buyers feel a lot of pressure and frustration. Finding the right home for their family can be difficult.  So, even though they may not have considered new construction in a more 'normal' market, many more buyers are now looking at a newly-constructed or nearly-completed home as their best choice.

The reality is that if you need a home because yours is sold, or you are new to the area, you need to pick from the current available inventory of homes for sale.

This situation is driving up the prices of new and existing homes, and is also creating an uptick in sales for new home builders.

There are currently over 250 listings in Monmouth County for newly-constructed, soon-to-be-constructed, or otherwise 'available' opportunities to build a new home.  Here is how they break down: