Data: realtor.com; Chart: Axios Visuals. Correction: The chart's headline was updated to show that the listing prices are medians (not averages).
Speaking of homes ... New datafrom 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).