Aug 13, 2024 - News
New houses are cheaper to buy in Denver metro
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It's cheaper to buy a new home in the Denver metro area than an existing one.
By the numbers: The price per square foot for a new home is $310.08, a roughly $17 per foot discount, per the latest Zillow data.
Why it matters: People typically pay a premium for brand-new houses, but in this brutal home market, some are finding deals among new construction.
The big picture: The discount for new homes in the U.S. is the largest in years, with many builders shrinking homes to cut costs or offering incentives, including lower rates on mortgages.