In today's real estate market, buyers must weigh the advantages of new construction against the charm of resale homes, both of which have unique considerations.
The median sale price for new construction homes was significantly higher than for existing homes, suggesting buyers need to assess their budgets carefully before making a decision.
Established neighborhoods often provide immediate access to essential services and amenities, making resale homes more attractive to buyers who prioritize community and convenience.
Economic factors, including inflation and fluctuating material costs, are critical as they affect new construction pricing, further complicating buyers' choices between new builds and existing homes.
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