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Open original source ↗Typically, new houses sell for $40,000 more than existing
Because they’re bigger (2.2k SF new builds vs 1.8k for existing) & newer (w/less initial maintenance)
Thereby comanding a higher price
But no longer
How long can this dislocation persist for?
Good question. Great 🧵
Quoted context
These are the quoted author’s words.
New house prices are down 15% in the last four years. And for the first time ever, new builds are cheaper than existing houses. With the average new house selling at a $40,000 discount to existing in July 2026. Existing Sale Price: $434,000 New Build Price: $394,000 That's a 9.3% discount on new builds. But normally, it's the other way around. Typically, new houses sell for $40,000 more than existing houses. Because they are bigger (2,200 SF for new builds, 1,800 SF for existing) and newer (with less initial maintenance). Thereby comanding a higher price. But no longer. How long can this dislocation persist for? To see for your area, search ZIP value on https://t.co/zlKe2138Ij
nickgerli1 ↗