Redfin reports 27% of for-sale homes are newly built, the lowest share in 4 years

Seattle--(business wire)--newly built homes made up 26.8% of single-family homes for sale nationwide in august, the lowest level in four years, according to a new report from redfin, the real estate brokerage powered by rocket. that's down from 28.2% a year earlier and 30.6% two years earlier. new homes still make up a significantly higher portion of single-family supply than before the pandemic. the share shot up as homebuying demand skyrocketed during the pandemic, from between 15% and 20% in.
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