Buyers Choose New Construction Because of Existing Home Shortage

New single family home sales are up nationally almost 14% from June to July. There is a real shortage of existing home inventory for buyers to choose from. Many buyers are looking to new home builders to fill their needs. In the Sarasota/Manatee County area our inventory of homes for sale in slightly over a 2 month supply. Normal supply is 6-7 months of homes for sale, making this truly a seller’s market.