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Previously Owned U.S. Homes Are Now More Expensive Than New Ones

• ryzvonusef 6y ago
  >For the first time in more than 15 years, it’s cheaper to buy a new house than a previously owned dwelling. >The premium for newly built homes vanished last month as low supply fueled price increases in the broader market and erased the discount traditionally associated with older properties. >The median sales price of a previously owned single-family home rose to $334,500 in March, the latest National Association of Realtors data show. Meanwhile, new properties sold for a median $330,800, according to a government report, marking a reversal in the differential for the first time since June 2005.