For the first time in years, newly built homes are selling for less than existing ones🏡
– The median new home price in June was $401,800 – down nearly 5% from the month before and 2.9% year-over-year
– Existing homes? They hit $435,300 – up 2% year-over-year (Census Bureau & NAR)
That flip is a huge wake-up call for buyers. If a resale is priced above comps without updates to match, it may be overpriced.
And if a new build is on the table for less, it’s worth a serious look.
The bottom line? Overpriced listings stand out more than ever in a market where builders are cutting deals and sellers have to compete.
#homebuyingtips #pricingstrategy #marketinsights
