Charted: Median list price of new vs. existing homes

Speaking of homes ... New data from Realtor.com shows that the median listing price of new builds ($455,000) is increasingly higher than that of existing homes ($400,000) in Charlotte.

Why it matters: It's a major shift from where the housing market stood last year, where prospective homebuyers could build a new home at nearly the same rate as buying an older one.

The big picture: The median list price of a new build in the U.S. was $449,967 last quarter. That's compared to $395,800 for an existing home.

• "As with everything in real estate, location is key," Realtor.com's Joel Berner tells Axios.
• For example, new builds are cheaper than existing homes in Austin, Texas, where builders have cranked out more (relatively) affordable inventory.
• But in the Midwest and Northeast, the bulk of new construction is high-end and is being created less frequently, Berner says.

Correction: The chart's headline was updated to show that the listing prices are medians (not averages).