The gap in prices between new and existing homes narrowed in the first quarter of the year, driven by factors such as tight inventory and elevated mortgage rates, the National Association of Home Builders (NAHB) said in a June 2 statement.
“The median price for a new single-family home sold in the first quarter of 2025 was $416,900, only $14,600 above the existing home sale price of $402,300,” NAHB said.
