After years of hot inflation, it’s hard to find much of anything for sale at 2021 prices. That is, unless you’re looking for a newly built home.
The median new construction home sold for $387,400 in March, the lowest level in nearly five years. Prices have fallen 6.2% in the last year, even as older homes are still slowly appreciating.
The price relief for new construction buyers comes as builders continue to adjust to the housing market’s affordability problem. Many are slashing prices to compete in high-supply markets in…
