The Sibley Group at Keller Williams Realty 455-0100

Your Home For New Orleans Real Estate

  • Home
  • Sellers
    • Make a Good First Impression
    • What’s My Home Worth?
    • Determining The Value of Your Home
    • Foreclosure & Short Sales
      • What is a “Short Sale”?
      • Short Sale Process
    • Real Estate Glossary
  • Buyers
    • Find Homes For Sale
    • Get Pre-Approved
    • Making an Offer
    • Mortgage Resource Center
      • FHA Loans
      • RD Financing – Rural Development Loans
      • VA Loans
      • Construction & Renovation Loans
    • Real Estate Glossary
  • Communities
    • Northshore
      • Slidell
      • Mandeville
      • Covington
    • Southshore
      • Uptown
      • Garden District
      • Carrollton / University
      • Broadmoor
      • Lakeview
      • Mid City
      • Warehouse District and CBD
      • French Quarter
      • Marigny and Bywater
      • Metairie
  • Resources
    • Local Area Schools
    • Moving Center
    • Preferred Vendors
    • Hurricane Preparedness
    • Blog
  • Listings
    • View Our Listings
    • Search All Listings
  • About Us
    • The Sibley Group
      • Our Team
      • Reviews & Testimonials
    • Keller Williams Realty
    • Careers
    • Choosing a REALTOR
    • Client Services
  • Contact Us
  • Property SearchSearch Homes By Map
  • Listings By EmailListings Updates Sent To Your Inbox
  • Home ValuationWhat Is Your Home Worth?
  • My AccountLogin To Save Listings And Searches
You are here: Home / Blog / Wondering Where You’ll Move if You Sell Your House Today?

Wondering Where You’ll Move if You Sell Your House Today?

July 18, 2022 by John Sibley

Wondering Where You’ll Move if You Sell Your House Today? | Simplifying The Market

If you put a pause on your home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is undergoing a shift, and the supply of homes for sale is increasing as a result. That means you may have a better chance of finding a home that will meet your current needs. Here are some options to consider.

Buying an Existing Home Can Give You That Lived-in Charm

According to the National Association of Realtors (NAR), the supply of existing homes (a home that’s been previously owned) has steadily increased since the beginning of the year. The graph below indicates inventory levels are rising, and that’s largely due to more homes coming onto the market and the pace of sales slowing:

Wondering Where You’ll Move if You Sell Your House Today? | Simplifying The Market

As the graph shows, if you’re looking for a home with lived-in charm, supply is rising, and that’s great news for you.

Danielle Hale, Chief Economist for realtor.com, gives insight into why more homeowners are listing their homes and adding to the growing supply of existing homes today:

“Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That’s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options. We’ve seen more homes come up for sale this year compared to last year . . .”

There are several benefits to buying an existing home. Many buyers want to purchase a home with history, and the character of older houses is hard to reproduce. Existing homes can often be part of an established neighborhood featuring mature landscaping that can give you additional privacy and boost your curb appeal.

Plus, timing can be a consideration as well. With an existing home, you can move in based on the timeline you agree to with the sellers, rather than building a new home and waiting for construction to finish. This is something to keep in mind, especially if you need to move sooner rather than later.

Just remember, while more sellers are listing their homes, supply is still low overall. That means you’ll have more options to choose from as you search for your next home, but you’ll still need to be prepared for a fast-moving market.

Purchasing a Newly Built or Under Construction Home Means Brand New Everything

Census data shows there’s an increasing number of new homes available for sale. It includes homes that are under construction, soon to be completed, and fully built. As the graph below highlights, the supply of new homes for sale has also grown this year:

Wondering Where You’ll Move if You Sell Your House Today? | Simplifying The MarketWhen building a new home, you can create your perfect living space and customize it to your lifestyle. That could mean everything from requesting energy efficient options to specific design features. Plus, you’ll have the benefit of all new appliances, windows, roofing, and more. These can all help lower your energy costs, which can add up to significant savings over time.

The lower maintenance that comes with a newer home is another great advantage. When you have a new home, you likely won’t have as many little repairs to tackle, like leaky faucets, shutters to paint, and other odd jobs around the house. And with new construction, you’ll also have warranty options that may cover portions of your investment for the first few years.

Keep in mind, purchasing a new home could mean waiting a considerable amount of time before you can move. Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy at the National Association of Home Builders (NAHB), explains:

“New single-family home inventory remained elevated at a 7.7 months’ supply. . . . However, only 8.3% of new home inventory is completed and ready to occupy. The remaining have not started construction (25.9%) or are currently under construction.”

That’s an important factor when making your decision and one you should discuss with a trusted real estate advisor. They’ll help you think through all the pros and cons of both new and existing homes to help you arrive at your best decision.

Bottom Line

With the supply of homes for sale rising, you have options for your next home no matter what your preferences are. If you have questions or want help deciding what’s best for you, let’s connect and start the conversation today.

Receive A Free Guide To Buying or Selling Your Home

The process of buying or selling a home can be overwhelming at times. It’s difficult to know when is the best time to buy, or how to get the most money for your house when selling. You don't need to go through the process alone.

Our free eGuides will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying or selling a home.
  • This field is for validation purposes and should be left unchanged.

Filed Under: Blog, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction

Homes By Price Range

Homes Under $200,000

Homes $200,000 – $300,000

Homes $300,000 – $400,000

Homes $400,000 – $500,000

Homes $500,000 – $600,000

Homes $600,000 – $750,000

Homes $750,000 – $1,000,000

Homes Over $1,000,000

Homes by School District

  • Your Contact Information

WHAT OTHERS ARE SAYING

Listened, were easy to reach, and delivered on what they promised.

Default Avatar75
Ashley, New Orleans, LA
 

I worked with Gana, OMG what a GEM !!! Gana made this entire experience pleasurable. Her knowledge, patience and go-getter attitude won me over 100%.

Avatar
Monique C Thomas
 

I worked with Gana to purchase my first home in March 2018. Gana definitely helped me out during this process. She stayed in contact with me and was very good with her timeliness on updates. She was there throughout the whole process and was very knowledgeable when i had any questions. Gana made sure I understood any documents that I had to sign before I completed the action. I would definitely recommend her!

Default Avatar75
Lamar, Slidell, LA
 

There are not enough words that can describe Lana. She absolutely made our experience of finding a home as easy and stress free it could be. Her communication skills are top notch. She answered all of our questions, which were many, in a very timely manner. She went out of her way to set up appointments and send us links for everything that we needed to get done. She did everything in a spirit of excellence. There is no other person I would want or recommend as an agent than, Lana Leonard(...)

Default Avatar75
Shawn & Suzanne, Lacombe, LA
 

I bought my first home!!! Jordan provided exceptional service. At first, I was looking to rent, but she showed me I could get more of what I needed for less if I considered purchasing a home. It is an investment in my future and I am so glad she helped me feel confident in my ability to buy a home. The Sibley Group is a wonderful team that is there for your needs and supports you every step of the way. I highly recommend them, especially Jordan. She was attentive, resourceful, knowledgea(...)

Default Avatar75
Melissa, Covington, LA
 

Mrs. Gana is quite the gem, in fact, the entire Sibley Group were all so helpful and made our first home buying experience a breeze.

We were totally lost when it came to finding a mortgage company and having a realtor with such expertise and experience really put us at ease. She set up connections with several lenders and from there we were put on a path to home ownership!

I would recommend Mrs.Gana a million times again and the Sibley(...)

Default Avatar75
Michelle, Slidell, LA
 

The decision to sell our home and to use the Sibley Realty Group was a year long process. We were concerned about determining the right time to sell and determining a fair and appropriate asking price. We had questions about how to adequately prepare our home for photos and showings. We were concerned about security and showing our home while we were away on vacation. John Sibley addressed all of our questions and concerns. He walked us through the process from listing to closing. He was a(...)

Default Avatar75
Annemarie & Jerry, Slidell, LA
 

We were having troubles trying to figure out the particulars of buying a house and were a little intimidated about approaching a Real Estate agent. Those fears were put to rest after meeting Gana.

She not only guided us through the entire process, but made it a point to go over the contract with verbiage that we understood as first time home buyers- that was important.

The entire experience was smooth, as she laid to rest any fears we(...)

Default Avatar75
Willliam, Slidell, LA
 

Everyone at the Sibley Realty Group was exceptional. From the first phone call to the closing of the home we had the best service. I would recommend Jordan and her team to anyone. Awesome Job Guys! And thanks again.

Default Avatar75
Anonymous, New Orleans, LA
 

Gana made this transaction easy to understand for us as first time home buyers. Gana was very in tune with us when she could tell I didn't understand something. She slowed everything down and made sure I understood before we moved on.

Default Avatar75
Anonymous, Slidell, LA
 

From Our Blog

Why You’ll Want a Home Inspection

Some HighlightsOnce your offer is accepted, an inspector will assess the condition of the house, … [Read More...]

Housing Market Forecasts for the Second Half of the Year

From rising home prices to mortgage rate swings, the housing market has left a lot of people … [Read More...]

About Us

The Sibley Group has a team of Realtors to meet all of your real estate needs throughout the New Orleans Metropolitan area. We have agents that specialize on the Northshore and Southshore, including New Orleans, Slidell, Metairie, Covington, Mandeville, Pearl River, and Lacombe.


Trust a real estate team with a long-standing tradition of service, expertise, and professionalism in the local area.


John Sibley reviews
The Sibley Group
Keller Williams Realty 455-0100

3197 Richland Ave, Metairie, LA 70002

Northshore: 985.326.9755
Southshore: 504.571.9755
Broker: 504.455.0100

From Our Blog

Why You’ll Want a Home Inspection

Some HighlightsOnce your offer is accepted, an inspector will assess the condition of the house, … [Read More]

Housing Market Forecasts for the Second Half of the Year

From rising home prices to mortgage rate swings, the housing market has left a lot of people … [Read More]

Search Links

  • Search Listings
  • Search by Map
  • Login






Keller Williams Realty Professionals

The name of the company is Keller Williams Realty 455-0100.
Each Office is Independently Owned & Operated.

Broker & Associates are licensed by the State of Louisiana.
Copyright © 2019 All Rights Reserved