Charleston, S.C. Median Newly Built Home Priced 12.2% Below Median Existing Home
Dow Jones
1 hour ago
1318 ET - Eight of the 10 best metros for purchasing a newly built home are in the South, according to Realtor.com. Leading the way is Charleston-North Charleston, S.C., where the median newly built home is priced 12.2% below the median existing home. The ranking finds that markets with builder-friendly conditions are giving buyers more opportunity to find a new home with a competitive price, ample availability and strong demand, Realtor.com says. The Charleston metro's median new-build listing price is $443,273, compared with $504,832 for existing homes, the strongest new-construction price advantage among the top 10 markets. Greenville-Anderson-Greer, S.C., ranks second, followed by Boise City, Idaho. Realtor.com's list is dominated by small-to-midsize metros.
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